Victoria Bazir
⬤ Tesla's been moving sideways lately but staying inside a bullish pattern that's keeping traders optimistic. The stock touched the middle Bollinger Band and retested its 200-day moving average near $360, creating a solid support zone. TSLA briefly dipped below its rising channel but quickly bounced back inside, showing buyers are still in control of the trend.
⬤ The chart shows a clean upward channel that's been guiding Tesla throughout 2025, with each pullback finding support at higher levels. After peaking near $435, the stock pulled back and closed around $391, sitting comfortably above critical support at $380 and $358. The Bollinger Bands show the recent drop came from the upper band, which is pretty normal when stocks are trending. Both the 50-day and 200-day moving averages are pointing up, confirming the trend is still intact.
⬤ Right now, TSLA looks oversold within its consolidation zone and has plenty of room to climb higher. The lower boundary of the rising channel has held strong for months, and if that support continues working, the stock could push toward $420-$540 by December's end. This projection makes sense given how much space exists within the current price structure for another leg up if momentum kicks back in.
⬤ Tesla's price action matters because it often sets the tone for growth and tech stocks overall. The fact that this rising channel keeps holding shows there's real buying interest underneath. With support levels intact and the bullish structure still in place, traders will be watching closely to see if Tesla can catch a bid and rally into year-end.
Victoria Bazir
