Technical analysis by Tr8dingN3rd about Symbol TSLAX: Buy recommendation (8/11/2025)

The red and green lines nicely illustrate what true support and resistance look like. At the moment, it appears that the market has formed support again (1), but we can’t really confirm this since we don’t have a higher high that has been broken. So we can only assume that the base is at the C point. We’ve been trading within the fork for several months now, which suggests that we’re once again in a longer-term upward movement. If that’s the case, then we look for a nice profit target (PTG1) at the CL, because we know there’s over an 80% chance of reaching it. An open and close outside the fork would be an exit signal, and could indicate a possible reversal to a short position. I’ll explain further details in the YT video.