Hello, Tesla watchers!
Welcome back to Apple Tree 360, where we keep things simple, sharp, and actionable for traders and investors alike. Today we’re diving deep into Tesla’s daily and weekly chart setups — because while the EV giant is known for making big moves, right now, it’s… stuck in neutral.
Let’s break it down.
📉 Tesla Daily Chart: Caught in the Chop Zone
Tesla has been stuck in a downtrend for over 4–5 months, falling from around $300+ levels. The chart currently shows the stock consolidating between $218 and $290— a tight $70 compression zone.
🚧 No Clear Direction… Yet
We’re in what traders call the “chop zone” — where momentum is stalled and both bulls and bears are left scratching their heads. Here’s what you need to know:
- Sideways movement = choppy trades
- No trend confirmation unless we break out of the $218–$295 zone
- Break above $290 and hold? Only then could we talk about a bullish reversal
⚠️ Short-term trades (long or short) in this zone are risky and prone to fakeouts. Be careful.
📰 What’s Dragging Tesla Down?
Beyond the charts, let’s talk sentiment. Elon Musk’s continued involvement in political matters and boardroom tensions have added fuel to uncertainty. These external factors aren’t helping Tesla’s price action, and volatility remains high.
📆 Tesla Weekly Chart: Strong Support, but Still No Trend
On the weekly chart, we’re sitting on key support — around the $215 level.
If we lose that support, we could very well head down to $180 or lower.
But here’s the silver lining:
- We’re not seeing strong bearish momentum
- The probability of a steep breakdown is low… for now
- But again — news-driven moves can shift sentiment quickly
🟡 Until we break above $290 or below $210 with volume, Tesla remains range-bound on both time frames.
🧭 What Should Traders Do?
Honestly? This might not be the best time to take aggressive positions.
✅ Long-term investors: If you’re bullish on Tesla’s fundamentals, this pullback zone could offer accumulation opportunities — but only if you’re willing to wait out the chop.
🚫 Swing and short-term traders: Better to stay on the sidelines for now. Wait for a clean breakout or strong reversal signal.
📌 Key Levels to Watch
| Level | What It Means |
|---|---|
| $305 | Top of range / breakout resistance |
| $295 | Bullish momentum trigger |
| $218–$215 | Support zone currently holding |
| $210 | Breakdown level — trend shift possible |
| $180 | Next major support if $210 fails |
🗓️ Tesla Next Week: Expect More Chop?
The week ahead looks unclear. With Tesla, anything from a new Model reveal to a tweet can shake things up. But based on charts alone, the bias remains sideways — with a slight tilt toward caution.
📺 Watch the Full Analysis on YouTube
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👉 Watch on YouTube https://www.youtube.com/watch?v=pTCVcugw6T0&t=5s
📰 Read more at AppleTree360.com
🧠 Final Thoughts
Tesla isn’t offering a great setup for bulls or bears right now. So unless you’re playing long-term and like buying support levels, your best play might just be no play at all… for now.
We’ll be back with updates as soon as Tesla shows its hand. Until then — trade smart, stay patient, and don’t chase shadows in a sideways market.
👋 Thanks for reading, and see you in the next time!
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