Sergey Diakov
⬤ Tesla's stuck in consolidation mode right now, and the weekly chart shows pretty clear boundaries. TSLA's holding support while trading beneath what the chart calls a "volume shelf launch" zone around $440 — basically the level it needs to break through to get moving again. The downside floor sits at $383, creating a range where the stock's been stabilizing instead of picking a clear direction.
⬤ The chart shows Tesla pulling back from recent highs and compressing into a tighter band below overhead resistance. You can see two volume shelves on the profile — the upper one clustering near the mid-$400s and a lower shelf closer to the low-$300s. These areas show where most trading activity happened in the past. The $440 zone is the immediate trigger level, while $383 is the key floor keeping this consolidation pattern alive. We've seen similar behavior before when TSLA tested key trendlines and when shares held $430 support.
⬤ The weekly candles show repeated reactions around the mid-range, which lines up with consolidation under resistance rather than a clean breakdown.
The volume shelf at $440 remains the level to reclaim for stronger upside follow through.
⬤ The current setup shows TSLA balancing between a defended floor and nearby overhead resistance. A broader look at Tesla consolidating near major resistance confirms this pattern.
⬤ Why does this matter? Tesla's trading at a technically defined decision point where price acceptance above or below these key zones will determine what happens next. With $383 marked as support and $440 highlighted as the breakout level, these are the critical reference points for how Tesla's consolidation plays out in the coming weeks.
Sergey Diakov
