#earningsseason
TSLA Surges 6.25% — Is $400 the Next Test?
TSLA is trading at $395.63, up 6.25%, after a strong hourly breakout from the $380 area. Buyers are in control, but momentum is getting stretched.
📈 Bullish scenario: A breakout above $398.13 could open the way toward the psychological $400 level.
⚠️ Correction risk: RSI is above 80, signaling overbought conditions. If price loses $390, a pullback toward $385–$380 becomes possible.
My take: The trend remains bullish, but chasing after a sharp rally carries risk. I’d watch how price reacts around $398 before assuming the next leg higher is underway.
Will TSLAX break $400, or do buyers need a cooldown first?
$TSLAB
TSLA Surges 6.25% — Is $400 the Next Test?
TSLA is trading at $395.63, up 6.25%, after a strong hourly breakout from the $380 area. Buyers are in control, but momentum is getting stretched.
📈 Bullish scenario: A breakout above $398.13 could open the way toward the psychological $400 level.
⚠️ Correction risk: RSI is above 80, signaling overbought conditions. If price loses $390, a pullback toward $385–$380 becomes possible.
My take: The trend remains bullish, but chasing after a sharp rally carries risk. I’d watch how price reacts around $398 before assuming the next leg higher is underway.
Will TSLAX break $400, or do buyers need a cooldown first?
$TSLAB
