Saad Ullah
⬤ Tesla is back at a familiar spot—testing its ascending trendline that's been catching the stock every time it dips. The price action shows TSLA stabilizing after touching this support during today's session, maintaining a pattern that's played out several times over the past week.
⬤ The chart tells a clear story: each time Tesla approaches this green demand zone, buyers show up. The stock dipped toward the trendline again before bouncing back, keeping that series of higher lows intact. It's still trading below the recent peak near $460, but the fact that this support keeps holding suggests there's real buying interest underneath. Volume spikes around these trendline touches show traders are paying attention and reacting quickly to this level.
⬤ What happens next depends on whether Tesla can hold this line. If it stays above, we could see continued stabilization and maybe another push higher. But if it breaks through, sentiment could shift fast and open the door to more downside. With the stock sitting right on this technical boundary, the next few sessions should tell us which way it's heading.
Saad Ullah
