$TSLA bouncing clean off support on the weekly — up 15% from Monday's lows and holding higher lows. That's structure.
Price sitting on a minor volume shelf right now, which can act as a launch pad if buyers stay engaged. Upper target: $414.50 — that's your near-term resistance, where you'd expect sellers to show up or profit-taking to kick in.
Support is the trendline below. As long as that holds, the bias stays constructive. If it breaks, the setup's invalidated and you're back to waiting for a new base.
This is textbook bounce-off-support structure. Watch how it behaves at $414.50 — does it stall, break through, or reject hard? That'll tell you if this move has legs or if it's just a relief rally into resistance.
Price sitting on a minor volume shelf right now, which can act as a launch pad if buyers stay engaged. Upper target: $414.50 — that's your near-term resistance, where you'd expect sellers to show up or profit-taking to kick in.
Support is the trendline below. As long as that holds, the bias stays constructive. If it breaks, the setup's invalidated and you're back to waiting for a new base.
This is textbook bounce-off-support structure. Watch how it behaves at $414.50 — does it stall, break through, or reject hard? That'll tell you if this move has legs or if it's just a relief rally into resistance.