TSLA — Holding Momentum at Critical Levels. Aug. 11TSLA — Holding Momentum at Critical Levels: Can Bulls Push Through? 🚀
Technical Analysis (1H Chart)
TSLA has maintained a steady uptrend, respecting the rising trendline support from early August. The recent breakout above 325 pushed price into the 330–335 resistance zone, which aligns with a prior supply level and the high from earlier this month. Momentum indicators are still favoring bulls — MACD histogram remains positive and Stoch RSI is curling up from mid-range, hinting at potential continuation if price sustains above 330.41.
Immediate support is at 325 trendline confluence; a breakdown here could lead to a retest of 322.27 and deeper support at 316.11. Holding above 330 keeps the bullish bias intact with room toward 337–340 as the next technical target.
GEX / Options Sentiment
* Key Resistance (Calls / Gamma Walls):
* 335.00 → Highest positive NetGEX & major call wall resistance.
* 345.00 → GEX7 (47.48%), secondary upside barrier.
* 370.00 → GEX10 extreme bullish zone, unlikely without strong catalyst.
* Support (Puts / HVL Zones):
* 321.28 → HVL & strong support cluster.
* 310.00 → First PUT wall; loss here would open downside toward 300.
* 300.00 → Major PUT support (-16.97%), key bear target if breakdown occurs.
* Sentiment: Calls outweigh puts at 48.8%, IVR is low at 4.7 (cheap options), suggesting directional plays could be favored over premium selling.
Trade Thoughts:
* Bullish Scenario: Hold above 330.41 → Targets 335 then 345. Use 325 trendline as stop guide.
* Bearish Scenario: Break below 325 trendline → Targets 322.27 and 316.11, with possible extension toward 310.
* Options Angle: Low IVR supports debit strategies (buying calls/verticals) for bullish bias. Put spreads may work if breakdown starts below 325 with momentum confirmation.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk accordingly.
