Technical analysis for Tesla (TSLA) shares is showing that the price formed a low-test candle on the monthly chart and bounced from ascending trend line and 0.618 FIB retracement on the weekly chart. That bounce on the weekly chart materialized as a breakout on the daily chart, break above 717$. The first target of this daily breakout is at 1.272 FIB extension at 817$, the second target is at 1.618 FIB extension at 880$, and the third is the previous all-time high at 900$.
If the shares of Tesla (TSLA) breakout above 900$, that will be a signal for resumption of the 3rd monthly bullish wave, and it will send the price higher toward, first 1.272 FIB extension at 925$, and second toward 1.618 FIB extension around 1070$ – 1085$.
On the other hand, if the Tesla (TSLA) shares break back below 667$, it will be a signal for the resumption of the daily bearish trend, and it will send the price low toward, firs 590$ and second the previous daily low at 539$. If the price break below 539$, that will be very bearish for the Tesla (TSLA) shares and could send the price lower toward 100% FIB extension at 462$ and second toward 1.272 FIB extension at 385$.
Review our technical analysis for Tesla (TSLA) shares for 2021 targets.
Daily chart:
![Tesla (TSLA) daily chart technical analysis for trading and investing](https://tradingchartanalysis.com/wp-content/uploads/2021/04/Tesla-TSLA-Technical-analysis-Daily-chart-14-April-2021-1280x649.jpg)
Weekly chart:
![Tesla (TSLA) weekly chart technical analysis for trading and investing](https://tradingchartanalysis.com/wp-content/uploads/2021/04/Tesla-TSLA-Technical-analysis-weekly-chart-14-April-2021-1280x650.jpg)
Monthly chart:
![Tesla (TSLA) monthly chart technical analysis for trading and investing](https://tradingchartanalysis.com/wp-content/uploads/2021/04/Tesla-TSLA-Technical-analysis-monthly-chart-14-April-2021-1280x650.jpg)