Eseandre Mordi
⬤ Tesla shares are consolidating around the mid-$430s after pulling back from recent highs. The stock is holding above a rising trendline that's been guiding it higher since late summer, showing the broader uptrend is still alive.
⬤ TSLA has defended the same THT Volume Profile support block multiple times. This zone continues acting as a solid floor, with buyers stepping in consistently at this level. Even with recent selling pressure from above, the price structure looks healthy—higher lows are still visible on the daily chart.
⬤ There's a liquidity zone near recent highs that's been capping rallies. Previous moves stalled there before the latest pullback. If current support holds, TSLA could push back toward that upper range in the coming weeks. But if support breaks, the chart shows room for a deeper drop toward $360, which lines up with earlier structural levels.
⬤ This setup matters because Tesla often reflects broader risk appetite in large-cap growth stocks. Holding this volume support keeps the trend stable, while losing it would signal increased downside risk. With TSLA squeezed between rising support and overhead resistance, the next big move will likely shape momentum across growth stocks.
Eseandre Mordi
