$T
SLA – TREND BREAKOUT IN PLAY! ⚡️
Tesla ($TSLA) has flipped its script since the new year downtrend — and bulls are back in control. Here's what stands out:
📉 The Story So Far:
• Entered a downtrend 3 weeks into 2024
• Rejected at trend resistance multiple times
• Found solid footing at major support with cluster bounce
• Broke trend with strong volume and higher lows
📈 Current Setup:
• Previous trend resistance flipped to support
• New trend support forming
• Price pushing above $423 — breaking into short-term target zone
🧠 Key Zones to Watch:
• Support: $341, $376
• Breakout zone: $423+
• Trend remains bullish above $376
Tesla is showing classic trend reversal structure — bounce, breakout, retest, continuation. Bulls in control… for now.
