Tesla Stock Analysis: Navigating Key Support and Resistance Levels.
Tesla (TSLA) has experienced significant volatility, with its stock price retreating nearly 50% from its all-time high (ATH). The last major rally, which began on October 23, 2024, at approximately $211, propelled the stock to an ATH of $487 on December 18, 2024.
However, since reaching this peak, Tesla has been on a downward trajectory, breaching key Fibonacci retracement levels.
Recently, the stock fell below the critical 78.6% Fibonacci retracement level, reaching $250 before staging a minor bounce.
Despite this rebound, Tesla is currently struggling beneath a confluence of a descending trendline and a horizontal support-turned-resistance zone, creating a challenging environment for bullish momentum.
Key Technical Factors to Watch:
📉 Bearish Pressure Below Resistance
The confluence of the descending trendline and horizontal resistance is currently capping Tesla’s recovery attempts.
A rejection at this level could reinforce selling pressure and push the stock toward retesting lower support zones.
Tesla (TSLA) has experienced significant volatility, with its stock price retreating nearly 50% from its all-time high (ATH). The last major rally, which began on October 23, 2024, at approximately $211, propelled the stock to an ATH of $487 on December 18, 2024.
However, since reaching this peak, Tesla has been on a downward trajectory, breaching key Fibonacci retracement levels.
Recently, the stock fell below the critical 78.6% Fibonacci retracement level, reaching $250 before staging a minor bounce.
Despite this rebound, Tesla is currently struggling beneath a confluence of a descending trendline and a horizontal support-turned-resistance zone, creating a challenging environment for bullish momentum.
Key Technical Factors to Watch:
📉 Bearish Pressure Below Resistance
The confluence of the descending trendline and horizontal resistance is currently capping Tesla’s recovery attempts.
A rejection at this level could reinforce selling pressure and push the stock toward retesting lower support zones.
註釋
Analysis and TA is is in play註釋
TSLA completed 100% FIB retracement from the last push up as shown on the chart交易結束：目標達成
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