We reviewed the charts of Tesla ( TSLA) on July 5, writing that, "Risking below $650, aggressive traders could take a small long exposure looking for a breakout over $750. Remain nimble."
Now that the latest company earnings are in the rearview mirror, let's check the charts again. 
In this daily bar chart of TSLA, below, we can see that prices have improved in July since our July 5 review. Shares of TSLA have gone up, despite all the negative attention on dispute between CEO Elon Musk and Twitter ( TWTR) . TSLA has made a new high for the recent move up and TSLA is trading above the bottoming 50-day moving average line.
The slowly declining 200-day moving average line intersects up around $900. The On-Balance-Volume (OBV) line is showing improvement in July and that suggests that buyers of TSLA have been more aggressive than sellers. The Moving Average Convergence Divergence (MACD) oscillator is back to the zero-line and likely to close above it for an outright-buy signal.
In this weekly Japanese candlestick chart of TSLA, below, we can see a bullish engulfing pattern at the end of June/early July. Prices have not given us a clear bullish confirmation, but TSLA is rallying anyway. The slope of the 40-week moving average line is negative. The weekly OBV line shows a decline from November. The weekly MACD oscillator has narrowed and is close to a cover-shorts buy signal.
In this daily Point and Figure chart of TSLA, below, we can see the recent upside breakout and a potential price target in the $964 area.
Bottom line strategy: Traders who went long TSLA on July 5 should continue to hold those positions as we have gotten the breakout over $750. Raise stops to $700. The $850-$900 area is our price target for now.
