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TSLA Rallies With Trump Victory

Elon Musk has played an important role in supporting Trump during the 2024 US presidential elections. Trump’s victory is also benefitting stocks and cryptos associated with Elon. TSLA has experienced a strong rally during overnight trading, rising from $250 per share to as high as $289 per share. More importantly, TSLA has formed a bullish gap higher that is trading significantly above a key resistance zone between $265 to $271. We are starting to see some selling for TSLA so I think TSLA could form a correction back down to the $265 – $271 zone to retest it as support.

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