Artem Voloskovets
⬤ Tesla shares pushed from the bottom to the top of their trading range on the 4-hour chart, completing a bullish deviation that traders had been watching. The move played out cleanly after price reclaimed support at range lows and climbed steadily higher. TSLA is now back at the upper end of its recent consolidation zone, showing short-term strength but facing a technically important resistance level.
⬤ The rally has brought Tesla directly into range high resistance without breaking through it yet. This upper boundary lines up with previous rejection points where sellers have stepped in before. "A clean breakout would likely require a sweep of the all-time high level followed by a clear deviation back into the range," according to the technical setup. Without that pattern, the stock could get pushed back down instead of continuing higher.
⬤ Lower timeframe charts haven't confirmed a bearish structure break yet, which means TSLA is sitting in neutral territory. How price reacts at this resistance zone will determine whether Tesla rotates back into its range or breaks out into new territory. Right now, the setup shows compression and hesitation rather than clear directional momentum.
⬤ Tesla's January 28 earnings release adds extra weight to this technical moment. January earnings have historically triggered significant price swings in TSLA, and with the stock now pressing against range high resistance, this level becomes even more critical for determining the stock's near-term direction.
Artem Voloskovets
