Saad Ullah
⬤ Tesla now trades above its one hour pivot at $445.33, which hints that the price wants to move higher. A return to that exact price and a bounce from it would prove the old pivot now acts as support. The share prints $447.90 plus rides above the rising trend lines that guided the latest rebound.
⬤ The hourly chart places the stock between the 138.20 % Fibonacci extension at $450.05 and the 61.80 % retracement at $453.25. While the price remains above the pivot, the next objectives are the $482 area followed by the $498 extension where multiple resistance layers meet. Deeper support rests at $431.79 but also $408.58, far beneath today's quote and evidence of a firm floor.
⬤ Chart patterns trace a wave count that aims for the $495 extension as well as oscillators have climbed out of oversold territory. Tesla has traced higher lows since late November. Holding above $445.33 preserves the bullish tone for the coming sessions. A push toward those upper markers would mark a durable recovery stretch that may carry into early 2026.
Saad Ullah
