Anticipating an Upward Move for Tesla Stock in the Medium Term

On the daily timeframe, Tesla stock is currently moving sideways, as shown on the chart.

The signals suggest an accumulation phase; therefore, an upward move is expected soon, provided the accumulation proves successful.

Expected Targets

Should the price break through the resistance zones and close above them with a strong bullish daily candle, the upward trend is expected to continue toward targets near the 414 and 441 levels, respectively.

The anticipated upward move would be invalidated if the price breaks below the support levels and closes beneath them with a strong bearish candle.