Tesla’s recent breakout above the long-term descending trendline is a positive technical signal, suggesting that market sentiment may be shifting toward a bullish phase. However, the breakout lacks strong volume confirmation, leaving the possibility of a false breakout on the table.
The key battle zone now lies between USD 349.29 and 367.40 — if bulls can push and sustain the price above this range, the door opens for a larger rally toward the USD 400+ area. On the other hand, failure to hold above USD 331 would put the breakout at risk, potentially sending the price back into the USD 308–290 support zone.
In short, Tesla stands at a technical crossroads: momentum favors buyers, but confirmation through sustained price action and volume is essential before a strong uptrend can be confirmed.
The key battle zone now lies between USD 349.29 and 367.40 — if bulls can push and sustain the price above this range, the door opens for a larger rally toward the USD 400+ area. On the other hand, failure to hold above USD 331 would put the breakout at risk, potentially sending the price back into the USD 308–290 support zone.
In short, Tesla stands at a technical crossroads: momentum favors buyers, but confirmation through sustained price action and volume is essential before a strong uptrend can be confirmed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.