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Tesla (TSLA) Shares Jump After Musk’s Davos RemarksTesla (TSLA) Shares Jump After Musk’s Davos Remarks This year’s Davos Forum has drawn attention not only because of developments around Greenland and Donald Trump’s proposed Peace Council, but also due to the appearance of Elon Musk, who has previously criticised the event. The world’s richest man made bold statements regarding Tesla’s Optimus humanoid robots, which became a key talking point. According to Musk’s vision: → Tesla plans to begin selling Optimus robots to the general public by the end of 2027, with an estimated price of $20,000–$30,000, making them cheaper than a car. → In the long term, Optimus robots could account for up to 80% of Tesla’s total company value, while the robotics market — where robots may eventually outnumber humans — could generate trillions of dollars in market capitalisation. These comments acted as strong bullish catalysts, and Tesla (TSLA) shares rose by more than 4% yesterday. Technical View on TSLA When analysing Tesla’s share price on 30 December, we: → updated the ascending channel that has been in place since summer 2025; → highlighted signs of market weakness; → suggested that TSLA could decline towards the lower boundary of the rising channel. Indeed, the lower boundary was reached as early as 8 January. More recent chart data suggests that bulls are now regaining control: → a bullish engulfing pattern has formed (marked by the arrow) just below the channel’s lower boundary; → yesterday’s session opened with a bullish gap and closed near the highs; → trading volumes have been increasing on bullish candles, indicating strengthening demand. As a result, it appears reasonable to expect that bulls may succeed in pushing TSLA back into the main ascending channel, potentially resuming the move towards the psychological $500 level. Whether this scenario plays out will largely depend on the outcome of Tesla’s quarterly earnings report, scheduled for release on 28 January. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:TSLA
by FXOpen
1
Tesla - The next bullrun is coming!🚗Tesla ( NASDAQ:TSLA ) is clearly breaking out: 🔎Analysis summary: In mid 2025, Tesla perfectly retested a major confluence of support. After Tesla then created bullish confirmation, the recent strong rally was totally expected. And with the current triangle breakout, Tesla is just starting its next major parabolic rally much higher. 📝Levels to watch: $400 and $600 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
NASDAQ:TSLALong
by SwingTraderPhil
35
Tesla (TSLA) Shares Fail to Hold at an All-Time HighTesla (TSLA) Shares Fail to Hold at an All-Time High Yesterday, Tesla (TSLA) shares declined by more than 3%, with the following developments observed: → the session opened with a bearish gap; → the price fell nearly 8% from the all-time high recorded on 22 December; → the psychological $500 level has yet to be overcome. The fundamental trigger for the decline was news that Tesla’s South Korean battery supplier has significantly reduced the value of its contract. The market may have interpreted this as a signal of potential weakness in future vehicle sales. In addition, the rally in TSLA shares since the beginning of December may have encouraged long-position holders to take profit. When analysing TSLA price action on 17 December, we: → identified an ascending channel that has been in place since the summer; → highlighted the strength of the breakout above resistance near the $465 level (accompanied by a bullish gap) and suggested that this area could act as support. However, yesterday’s sell-off pushed the price below the aforementioned gap, thereby invalidating this support. Moreover: → the December upward trajectory (shown in orange) has been broken; → the stock has fallen below the median of the ascending channel. In light of the above, we could assume that bearish momentum currently dominates, and TSLA shares may move towards the lower boundary of the ascending channel in the short term. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:TSLA
by FXOpen
3
Tesla (TSLA) Shares Close at a Record HighTesla (TSLA) Shares Close at a Record High On Tuesday, 16 December 2025, Tesla shares closed at a new all-time high, breaking above the $488 level. As a result, TSLA: → surpassed its December 2024 peak; → is up by roughly 125% from this year’s lows; → made Elon Musk the first person in the world whose net worth has exceeded $600 billion. Why are TSLA shares rising? Elon Musk has officially confirmed that Tesla has begun testing driverless robotaxis in Austin, Texas, without safety monitors in the vehicle. This marks an important step towards the large-scale deployment of the Robotaxi concept. Despite a decline in electric vehicle sales in November (following the removal of tax incentives by the new US administration), TSLA shares continue to rise as market participants are pricing in Tesla’s potential dominance in artificial intelligence and autonomous transport — a development that could unlock fundamentally new revenue streams for the company. Supporting this outlook, several investment banks have raised their price targets for TSLA. For instance, Mizuho analysts lifted their target to $530. Technical perspective When analysing TSLA on 12 November, we: → identified an ascending channel and a support zone between $360 and $400; → suggested that the previous high was limiting bullish momentum, with the market entering a consolidation phase. Since then (as shown by the blue arrow), TSLA shares: → broke out of the consolidation zone; → found support near the lower boundary of the ascending channel; → resumed their upward trend. It is worth noting that trading volumes in early December were relatively low — which can be interpreted as a lack of selling pressure. However, the subsequent move into the upper half of the channel was accompanied by a surge in trading activity and the formation of a bullish gap (marked by the black arrow). This signals strong demand, with buyers willing to pay higher prices for a high-quality stock. Looking ahead, it is possible that: → the former resistance at $465 will turn into a new support zone; → the current bullish impulse could drive attempts to challenge the psychological $500 level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:TSLA
by FXOpen
1
Is Tesla Setting Up for a Rebound? Key Entry Levels Inside🎯 TSLA: The "Thief Strategy" Playbook | Swing/Day Trade Setup 📈 🔥 Quick Overview Asset: Tesla, Inc. (TSLA) Bias: 🐂 BULLISH Strategy Type: Thief Layering Entry Method Risk Level: Medium-High (Swing/Day Trade) 💰 The "Thief" Entry Strategy Explained The "Thief Strategy" uses multiple limit orders (layering method) to accumulate position at different price levels. Think of it like setting traps at various floors of a building—you catch opportunities wherever price decides to visit! 🎣 📊 Entry Zones (Layer Your Orders): Layer 1: $430.00 Layer 2: $435.00 Layer 3: $440.00 💡 You can add more layers based on your own risk appetite and account size. The beauty of layering? You average your entry and reduce timing risk! 🛡️ Stop Loss (SL): Thief SL: $415.00 ⚠️ Important Note: This is MY stop loss level based on the Thief Strategy framework. You're the captain of your own ship! 🚢 Adjust your SL based on YOUR risk tolerance and account management rules. Trade at your own risk—make money, take money, manage wisely! 🎯 Target (TP): Primary Target: $490.00 🚨 Why $490? This zone represents a confluence of: Strong resistance area Potential overbought conditions Historical trap zone where bulls get exhausted 📢 Thief OG's Reminder: I'm NOT saying you MUST take profit only at my TP level. If you see profits that make you smile, SECURE THEM! 💵 The market gives, and the market takes. Be greedy when you can, be smart always. 🔍 Technical Analysis Breakdown Tesla is showing bullish momentum structure with potential for continuation toward the $490 resistance zone. The layering strategy allows us to build position as price potentially dips into demand zones before the next leg up. Key Technical Levels: Support Zone: $430-$440 (Our entry layers) Invalidation: Below $415 (Stop loss) Resistance Target: $490 📌 Related Pairs to Watch (Correlation Play) Understanding correlated assets helps confirm your thesis: AMEX:SPY (S&P 500 ETF) TSLA often moves with broader market sentiment Watch SPY for overall risk-on/risk-off environment NASDAQ:QQQ (Nasdaq 100 ETF) Tech-heavy index where TSLA is a major component Strong correlation with TSLA price action NASDAQ:NVDA (NVIDIA) Both are high-beta tech growth stocks Often move together during risk appetite shifts TVC:DXY (US Dollar Index) Inverse correlation: Strong dollar = pressure on growth stocks like TSLA Weak dollar = tailwind for equities 💡 Key Point: If SPY/QQQ are bullish + DXY weakening = Strong confirmation for TSLA upside! ⚡ Trading Tips for Thief OG's Don't FOMO — Let price come to your layers Manage position size — Each layer should be equal weight Trail your stop — Once profitable, protect gains Watch volume — Confirm breakouts with volume spikes Stay flexible — Market conditions change; so should you! 🎬 Final Words This setup is all about patience, precision, and profit extraction! 🎯 The Thief Strategy isn't about stealing from the market—it's about being SMART and setting yourself up for success with calculated entries. Remember: The best trades are the ones where you're prepared, not scared! 😎 ✨ If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community! #TSLA #TeslaStock #SwingTrading #DayTrading #ThiefStrategy #LayeringStrategy #StockMarket #TradingIdeas #TechnicalAnalysis #BullishSetup #TradingStrategy #RiskManagement #StockTrading #MarketAnalysis #TradingCommunity
NASDAQ:TSLALong
by The-Thief
Tesla - The triangle is still valid!🎀Tesla ( NASDAQ:TSLA ) can still confirm the breakout: 🔎Analysis summary: Just two months ago, Tesla perfectly broke out of the major ascending triangle pattern. In the meantime we just witnessed a major consolidation at the all time high. Quite likely that Tesla will soon confirm the breakout, launching another parabolic rally from here. 📝Levels to watch: $400 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
NASDAQ:TSLALong
by SwingTraderPhil
8
Tesla Reversal Signal Triggered at the 200 SMA!TSLA 🚗 Bullish Pullback Playbook — Smart Layered Entry Setup! 📈 Asset: TSLA — Tesla Inc. (NASDAQ) Swing Trade Playbook | Trend-Continuation Setup 🧠 Market Thesis TSLA shows a bullish pullback into the 200-Day Simple Moving Average, a level historically respected by trend-followers. The latest Heikin-Ashi Doji Reversal signals buyers regaining momentum ⚡ — suggesting the pullback is stabilizing and demand is stepping back in. This combination of trend support + reversal confirmation forms the core of this structured swing setup. 🎯 Plan Overview A clean bullish continuation strategy using a refined layered entry method (professionally framed as “scaled limit entries”). This maintains your signature thief-style energy, but aligned with TradingView rules and presentation standards. 😎 🟢 Entry Plan (Layered / Scaled Limit Orders) Using a scaling approach allows better average pricing during volatility. Proposed buy-limit layers: Buy Limit 1 → $420.00 Buy Limit 2 → $410.00 Buy Limit 3 → $400.00 👉 Traders may increase or reduce the number of layers based on risk tolerance and personal strategy. 🔻 Stop-Loss (Risk Control) A defensive stop-loss is placed near $380.00, below recent liquidity pockets and under the 200 SMA structure. ⚠️ This level is optional — traders should select their own SL based on personal risk management. 🎯 Take-Profit Zone Target area sits around $470.00, where: Major historical resistance awaits Overbought conditions often develop High-volume sellers tend to re-enter This zone is treated as a profit-taking escape point, but traders can exit based on their own judgment. 📡 Related Markets to Watch (Correlation Insight) Keeping the global view helps improve trade confidence: NASDAQ:QQQ — High correlation with mega-cap tech, TSLA often follows Nasdaq momentum. NASDAQ:NDX — Strong tech index correlation; strength supports TSLA continuation. SP:SPX — Broad-market risk sentiment gauge. NASDAQ:NVDA / NASDAQ:AMD — Momentum flow in growth-tech impacts liquidity rotation into TSLA. AMEX:XLY — Consumer Discretionary ETF (TSLA is a major component). Key takeaway: Strong tech-sector momentum + risk-on environment = enhanced TSLA bullish continuation probability 📊⚡ 🧰 Notes for the Community Dear Traders (Thief OG-style Family 😄) — SL/TP levels shared here are only examples for educational purposes. You’re always free to manage your own positions using your own risk preferences. Trade smart, trade safe, trade stylish. 💼✨ ✨ “If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community!” This is a thief-style trading strategy presentation strictly for fun and educational purposes. Not financial advice. #TSLA #Tesla #SwingTrade #BullishSetup #LayeredEntries #HeikinAshi #200SMA #NASDAQ #MomentumTrading #TechnicalAnalysis #TradingView #RiskManagement #TraderLifestyle #StockMarket
NASDAQ:TSLA
by The-Thief
1
TESLA IS ENTERING A CRITICAL ZONETesla currently remains in an uptrend while moving inside the existing ascending channel. The most recent reaction came from the trendline, but an important structure has formed above: a clear double top pattern . After the pattern completed, price declined and is now retesting the neckline, which has already acted as resistance. The 50 EMA is also positioned at this same level, adding confluence. According to the mechanics of the double top, the expected downward projection is typically equal to the distance between the top of the pattern and the neckline. That measured move aligns almost perfectly with the lower support zone and the 200 EMA , forming a strong confluence area. Additionally, there is an imbalance inside that lower region, which commonly pulls price back to fill it. RSI has formed a downtrend and is moving toward the 30 level, which supports the likelihood of a continued decline. If price breaks above both the RSI downtrend and the neckline, the move back upward along the channel becomes possible. However, the bearish confirmations remain strong unless a significant positive catalyst invalidates the setup.
NASDAQ:TSLAShort
by Binhuseyn
3
Tesla Retests Key support Amid a New Lawsuit After Deadly CrashTesla (NASDAQ: NASDAQ:TSLA ) faces renewed scrutiny after a lawsuit was filed over a fatal January 2023 crash in Washington state. According to the complaint, the vehicle “rapidly accelerated” before striking a utility pole and bursting into flames, killing one passenger and severely injuring another. First responders reportedly struggled to access the victims due to the vehicle’s structure and fire behavior, raising questions about safety systems and emergency accessibility. The lawsuit lands during a period of heightened attention on Tesla’s real-world AI features, including Autopilot and Full Self-Driving (FSD). While the filing does not explicitly blame autonomous systems, it adds pressure to Tesla’s regulatory and legal environment, which remains a critical investor risk factor heading into 2026. Tesla’s Fundamentals Remain Strong Despite the legal challenges, Tesla retains a massive market cap near $1.33 trillion and continues scaling its energy and robotics divisions. The company remains profitable, with a strong balance sheet and long-term margin expansion driven by software, AI, and autonomous capabilities. The Optimus humanoid robot program and 4680 battery ramp both strengthen Tesla’s position in the next industrial cycle. Tesla’s broad lineup—from the Model 3 to the Semi and Cybertruck—supports global delivery growth, while its charging infrastructure partnerships increase ecosystem reach. Fundamentally, Tesla remains one of the strongest players in the EV and AI–mobility sectors. Technical Outlook: Trendline Retest in Play From a price-action perspective, Tesla trades around $391, pulling back toward a critical ascending trendline visible on the weekly chart. This trendline has guided Tesla’s recovery since April and remains the key level to watch. Support: • $390 trendline • Major demand at $350 • Long-term support at $250 Resistance: • $425 • $492 (2025 high) A strong bounce at the trendline could send TSLA back toward $425 and eventually $492. However, a clean breakdown risks a deeper correction toward the $320 zone.
NASDAQ:TSLALong
by DEXWireNews
Tesla - Withstanding all weakness!🏹Tesla ( NASDAQ:TSLA ) can still break out: 🔎Analysis summary: Since Tesla was listed on the Nasdaq back in 2013, we witnessed a lot of triangle breakouts. And starting all the way back in 2020, Tesla once again created a bullish triangle. Last month we saw the breakout and this month we have to see the confirmation 📝Levels to watch: $400 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
NASDAQ:TSLALong
by SwingTraderPhil
11
Tesla: DownwardShortly after our last update, Tesla experienced noticeable downward momentum, initially entering our previously magenta alternative target zone, which has already been stopped out. We currently consider the green wave complete, and the alternative target zone has been deactivated and grayed out. However, there's still a chance the stock could rise sharply, confirming an ongoing upward trend. If this alternative scenario, which has a 35% probability, plays out, we would mark blue wave alt.(II) as complete and expect gains above the resistance at $509.50 and $532.92 within a magenta upward impulse. Primarily, we anticipate further sell-offs and expect the regular wave-(II) correction low to occur first in our green target zone between $157.88 and $46.70. This green zone could potentially be suitable for long entries, protected by a stop 1% below the zone's lower edge.
NASDAQ:TSLAShort
by HKCM_Global
Tesla - Here comes the third breakout!🚀Tesla ( NASDAQ:TSLA ) is finally breaking out: 🔎Analysis summary: For the past four years, Tesla has been trading in a very clear ascending triangle pattern. But just last month, we finally saw the expected bullish triangle breakout. Considering all of the previous triangle breakouts, Tesla is setting up for another parabolic rally soon. 📝Levels to watch: $450 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
NASDAQ:TSLALong
by SwingTraderPhil
20
Musk Could Earn a Trillion: How Are Tesla (TSLA) Shares ReactingMusk Could Earn a Trillion: How Are Tesla (TSLA) Shares Reacting? According to media reports, earlier this month Tesla shareholders approved a new 10-year compensation package for Elon Musk worth up to $1 trillion. But is this good or bad news for TSLA shares? → On the plus side, Musk is now firmly “tied” to the company and highly motivated to achieve extraordinary goals — such as reaching a market capitalisation of $8.5 trillion and launching mass production of Optimus robots. → On the downside, the price of this decision could be high. The targets appear almost fantastical, and their achievement would mean dilution of existing shareholders’ stakes through the issuance of new options. As a result, Tesla’s share price has been fluctuating, reflecting market indecision and consolidating after the news. A closer look at the TSLA chart offers clues as to what may happen next. Technical Analysis of TSLA From a bullish perspective, Tesla’s share price remains within an upward-sloping trend channel, where: → the median line is showing signs of acting as support; → the sharp rally in September formed a demand zone, where an imbalance between buyers and sellers triggered a strong move higher — the upper boundary of this channel, around the psychological $400 mark, could act as a support level going forward. From a bearish point of view, the key barrier remains the current all-time high, which continues to cap the ongoing rally (roughly +100% from this year’s low). Given these factors, it is reasonable to assume that TSLA is currently in a consolidation phase. The situation could eventually resolve in favour of the bulls if the price holds the lower boundary of the channel — as seen previously, when a similar consolidation period preceded a breakout above the $360 resistance level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:TSLA
by FXOpen
2
Tesla Inc. (Nasdaq: $TSLA) Eyes Breakout Above $490Tesla Inc. (Nasdaq: NASDAQ:TSLA ) is approaching a critical technical juncture as price action consolidates near the upper end of its ascending trendline. After rebounding strongly from the $180–$200 demand zone earlier this year, Tesla has maintained a steady uptrend, forming higher lows and higher highs — a classic bullish structure. Currently trading near $440, Tesla has encountered resistance below the $490–$492 zone, which marks the previous swing high. The chart shows a clear ascending support line extending from the April low, reinforcing the overall bullish sentiment. As long as the stock holds above $420, bulls remain in control. A confirmed breakout above $492 could ignite the next leg higher, targeting the $520–$540 region in the medium term. Volume analysis shows healthy participation during recent rallies, while the RSI hovering around 50 suggests moderate strength without signs of overbought conditions. This balance indicates potential for further upside before exhaustion sets in. The projected path shown on the chart outlines a short-term pullback toward support, followed by a continuation rally through resistance. Such a move would confirm bullish momentum and possibly trigger a new wave of investor confidence as Tesla heads into the next earnings season. However, if Tesla fails to maintain the ascending trendline, a dip below $410 could expose the stock to deeper retracement toward $380, testing previous breakout levels. Overall, Tesla’s structure remains technically constructive. The uptrend is intact, supported by volume and strong higher-lows formation. Traders are closely watching for a decisive breakout above $492, which could mark the beginning of a fresh rally phase as market sentiment leans bullish on tech and EV momentum.
NASDAQ:TSLA
by DEXWireNews
Tesla - The massive triangle breakout!🪩Tesla ( NASDAQ:TSLA ) is breaking out: 🔎Analysis summary: Last month, we witnessed an incredible but expected rally of about +35% on Tesla. Furthermore, with this move Tesla is attempting to break above the previous all time highs. After bullish confirmation, this would also lead to a massive triangle breakout. 📝Levels to watch: $400 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
NASDAQ:TSLALong
by SwingTraderPhil
17
TSLA Week Ahead - ShortTSLA looks like a classic post-rally consolidation after that sharp pop from late September lows around $340. The candlesticks show solid volume on the upside thrusts (those red-to-green hammers mid-September), but we're seeing some profit-taking wicks lately, with the price hugging that rising EMA channel (orange line) around $410 support. That unfilled gap down at $396-$402 (from early October open?) is screaming "magnet" if we get any broader market weakness—gaps like that on high-beta names like TSLA often fill on light-volume Fridays, especially with no major catalysts this week. The gap is likely to close 70% of the times in 30 day span. What to Expect by EOD Friday (Oct 17) No earnings till Oct 22, so this week's all about macro vibes (Fed chatter, CPI print Wed) and TSLA-specific noise like Robotaxi buzz or delivery whispers. Q3 deliveries hit 462k on Oct 2 (beat estimates), so that's baked in—focus shifts to affordable model teases. Base Case (60% odds): Sideways grind to $415-425. We're in that expected move band of ±6% (~$388-438 from here). Light volume mid-week could keep us coiling in the channel; that gap stays open unless we dump on risk-off. Analysts are meh short-term (avg target $361, but that's 1Y noise), but one shop just hiked to $483. I'd fade any spike above $420 for a quick scalp—RSI's overbought on 1H. Bull Case (25% odds): Push to $430+. X crowd's frothing—folks calling ATH break by 10/17 on "unstoppable momentum" and 5Y consolidation snap to $500. If CPI undershoots and Elon tweets FSD gold, we tag resistance. One forecast pegs exactly $425 EOW. Bear Case (15% odds): Gap fill to $400. Volatility spikes if yields rip higher or China EV FUD hits (ZEV credit chatter ending soon). That purple MACD histogram's flattening—watch for divergence.
NASDAQ:TSLA
by MARKETLYTICAL
Tesla - Here we goooooo!🚗Tesla ( NASDAQ:TSLA ) is finally breaking out: 🔎Analysis summary: Finally, after a consolidation of four years, Tesla is attempting another all time high breakout. With the bullish triangle coming to an end, bulls are dominating this stock. It just comes down to the next couple of months but a triangle breakout remains far more likely. 📝Levels to watch: $400 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
NASDAQ:TSLALong
by SwingTraderPhil
26
Tesla (TSLA) Share Price Rises Ahead of Earnings ReportTesla (TSLA) Share Price Rises Ahead of Earnings Report On 16 September, we noted signs of a strong market for Tesla (TSLA) shares, including: → The price remaining above the psychological level of $400; → Reaching the highest levels since late January. We also identified an ascending channel and suggested that the long-term outlook remained optimistic, although a correction could not be ruled out. Since then, TSLA shares have stabilised near the upper boundary of the channel, holding above the $400 level. On Friday, they were among the market leaders, rising by more than 4%. This brings the gain since the start of September to around +30%. Why Are TSLA Shares Rising? Key factors supporting a bullish outlook include: → Sentiment ahead of the quarterly Production and Deliveries report, expected this week. According to recent forecasts, actual figures could exceed expectations (although still showing a decline compared to the previous year). → Target price upgrades. Dan Ives of Wedbush, one of Tesla’s most prominent bulls, last week raised his target price to $600 — the highest on Wall Street — citing substantial potential in AI and robotaxi development. → The “Musk factor”: Discussions around Elon Musk stepping away from politics are seen as a long-term positive driver. Technical Analysis of TSLA Shares The ascending channel remains intact. However, the chart suggests that the upper boundary now acts as resistance — unsurprising given the exceptional gains in September (noting that TSLA’s price has doubled since its yearly low). A slowdown in momentum is signalled by a bearish divergence on the RSI indicator. Resistance at the upper boundary is further reinforced by a strong bearish reversal from late 2024. A similar pattern was recently observed when the price struggled to break above the bearish reversal zone at $345–355, resulting in an extended sideways movement in August and early September. By analogy, the $445–465 zone may also act as resistance — meaning a correction remains a plausible scenario. For example, TSLA stock price could pull back to test the psychological $400 level, which is supported by the median of the current channel. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:TSLA
by FXOpen