Here's a 6-month chart of (NASDAQ:TSLA) showing how it just ended the week breaking through its 50-day Moving Average, continuing an uptrend that began when it bounced off a 24-month low during the first week of February.

It looks like 194.50 could be shaping up as the new support level, based on TSLA closing out the week a hair above 200, which also pushed it nicely through the 50-day MA. On the other hand, 200 could easily turn into resistance should the stock fail to sustain its price above 200 within the next couple of trading days. Beyond that, 210.50 is the next level of resistance. 180, as shown by the lower gold horizontal line, remains as the next level of support. So let’s call the over/under 180/200, with 180 being bearish and 200 bullish.

TSLA PayDayCycle Status right now has been upgraded from a +1 to a +2. This is because it successfully closed higher than yesterday's close. The stock has now been in a bullish PayDayCycle for 2 days now. It also has been in a bullish cycle for 13 trading days out of the last 14 sessions.

PayDayCycles are 4-8 day trends in stocks that help people swing trade. To learn more about PayDayCycles make sure to grab the free Swing Trading Class on the right sidebar.

The MACD is now in its first green bar after 4 days in the red. For context, however, the stock has been above the zero line for 12 of the last 14 days, so the overall bullish momentum remains intact.

Overall, it looks like Tesla is continuing to trend bullish, and if it can extend its current momentum above 200, the stock has a bit of room to run.