Saad Ullah
⬤ Tesla's weekly chart reveals the stock pushing toward a long-term resistance zone following steady gains backed by an ascending trendline. Heavy bullish call flow appeared near the highs, coinciding with a strong weekly candle and fresh upside momentum. The chart shows multiple buy signals that preceded acceleration into the current range above $425.
⬤ TSLA continues trading within an upward channel, with buyers consistently stepping in along the rising trendline. Recent candles show the stock testing resistance near $455 while maintaining higher lows. Large bullish options activity at the upper boundary stands out, marked by highlighted green clusters. Stochastic readings signal bullish sentiment, with fast, slow, and slowest metrics firming above prior averages and supporting directional momentum.
⬤ Volume levels remain stable but still trail the heavier activity seen earlier this year. The triple stochastic RSI shows improving momentum after a reset, aligning with the broader upward structure. The combination of price action, trendline support, buy signals, and unusual call flow points to sustained participation as TSLA approaches resistance. Trading above $425 keeps the stock firmly in its bullish structure with buying pressure intact.
⬤ This setup carries weight because Tesla's long-term pattern is reaching a zone where previous rallies have stalled. The interplay between strong call flow, rising momentum indicators, and consistent trend support could shape broader sentiment around TSLA and influence expectations for its next major move. Market participants are watching closely as Tesla trades near its upper resistance band.
Saad Ullah
