Teslaâs Roadster goes airborne. TSLA jumps nearly 5%. đ
Tesla shares rose almost 5% in Fridayâs premarket trading after Elon Musk unveiled the new Roadster and demonstrated its airborne capabilities. (wsj.comâ )
The prototype performed an aerial maneuver using SpaceX-developed thrusters. Production targets 2028, so my read is investors are reacting to renewed enthusiasm around Teslaâs technology, ahead of revenue from this model. (ft.comâ )
On the TSLA perpetual 1H chart, price sits near $379.75 after rebounding from $355.91.
$383 is the immediate resistance. A breakout and successful retest would strengthen the bullish setup, with $390 and $400 as potential upside levels.
Iâm watching $377â$378 for initial support, followed by $370â$372. RSI near 71 signals strong momentum, but also an overbought reading.
My view: bullish momentum, with $383 as the next test. Holding support after the initial surge matters more than chasing the headline.
#TeslaRevolution
Tesla shares rose almost 5% in Fridayâs premarket trading after Elon Musk unveiled the new Roadster and demonstrated its airborne capabilities. (wsj.comâ )
The prototype performed an aerial maneuver using SpaceX-developed thrusters. Production targets 2028, so my read is investors are reacting to renewed enthusiasm around Teslaâs technology, ahead of revenue from this model. (ft.comâ )
On the TSLA perpetual 1H chart, price sits near $379.75 after rebounding from $355.91.
$383 is the immediate resistance. A breakout and successful retest would strengthen the bullish setup, with $390 and $400 as potential upside levels.
Iâm watching $377â$378 for initial support, followed by $370â$372. RSI near 71 signals strong momentum, but also an overbought reading.
My view: bullish momentum, with $383 as the next test. Holding support after the initial surge matters more than chasing the headline.
#TeslaRevolution