Tesla closed at 300.63 with a strong 5.42% jump, but the rebound looks more technical than solid. RSI is at 43.90, still in bearish territory, and the stock hasn’t recovered from the recent drop from 360. The 305–310 zone is key — if it fails to break above that with volume, it might drop back to 280 or even 260.
On top of that, the growing tension between Trump and Elon Musk could weigh on market sentiment, especially with the upcoming election and possible regulatory concerns.
Bottom line: the move up doesn’t look convincing yet. Watch price action and volume closely in the next few days.
#TSLA #Tesla #TechnicalAnalysis #StockMarket #WallStreet
On top of that, the growing tension between Trump and Elon Musk could weigh on market sentiment, especially with the upcoming election and possible regulatory concerns.
Bottom line: the move up doesn’t look convincing yet. Watch price action and volume closely in the next few days.
#TSLA #Tesla #TechnicalAnalysis #StockMarket #WallStreet
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.