“Tesla, Inc. (TSLA) – 1H Timeframe” Price (at snapshot): $445.93

2 days ago

Chart Overview

Ticker: Tesla, Inc. (NASDAQ: TSLA)

Timeframe: 1 hour (1H)

Current Price (at snapshot): $445.93

Trend Channel: Upward (ascending channel)

Indicators: Bollinger Bands Entry/Exit (BBandLE/BBandSE), Support/Resistance Zones

🔍 Key Technical Levels
1. Support Level (Orange Zone around $435–$440)

This is a strong horizontal support zone tested multiple times (indicated by blue arrows and green arrows).

Price has rebounded from this level several times, suggesting buying interest.

2. Resistance Zone (Orange Box around $465–$470)

The target zone and upper boundary of the range, previously rejected (circled in orange).

Price faced heavy selling here before, confirming resistance.

📈 Price Action & Channel Analysis

The chart shows TSLA trading within a rising parallel channel, with multiple touches on both upper and lower trendlines.

Recently, price broke slightly below the lower boundary of the channel but found support again near $435–$440.

The projected move (black curve) suggests a retest of support followed by a bounce back toward the $470 resistance zone (target).

💡 Trading Plan / Scenario (as illustrated)

Current Region: Around $445

Possible Move: Dip to $435–$440 (support retest)

Expected Bounce: Toward $465–$470 (target zone)

Risk Area: If price closes below $435 → potential breakdown, invalidating the bullish setup.

⚙️ Indicators Insight

BBandLE (+2) and BBandSE (-2) markers indicate Bollinger Band-based long/short entries.

Multiple BBandLE signals near support reinforce bullish sentiment there.

Volume spikes near support show buying interest aligning with the rebound theory.

🧠 Conclusion

Bias: Short-term bullish, provided the $435–$440 support holds.

Target: $465–$470

Invalidation: Close below $435 (would break the rising channel).

yesterday

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