Since the major breakout in November of last year, Tesla has been trading in a downward trend. Now we're on the verge of a possible bullish breakout. The price has been forming a triangle structure since the start of this year. As seen in the chart, TSLA has managed to break two resistance levels of the triangle pattern. We even see a re-test of the breakout on July 8th. Price also seems to be gaining momentum with three bullish candles since the re-test as well as a strong gain yesterday.
Major support will be broken. Then it becomes major resistance. TSLA will be below 540 for next twenty years. For example see CSCO at 80 in March 2000. 21 years later, CSCO is still far below 80. TSLA 900 is similar.