Technical analysis by celilADIGUZEL about Symbol TSLAX on 5/28/2025

celilADIGUZEL

Hello, Tesla investors! Tesla stock has gained good momentum recently, breaking the downtrend and rising to $362. This rise has been fueled by investor interest in Elon Musk's full-time return to the company's helm and the upcoming Robotaxi launch. Technically speaking , the stock has formed a "double bottom" (W) pattern, and its target, $362, has been reached. However, we are now facing strong resistance at this level. If this resistance level is not surpassed with sufficient trading volume, we may see a short-term pullback. The possibility of a short-term correction increases, especially with the RSI indicator approaching the overbought zone. The $335 and $290 regions stand out as support levels. These levels are important to watch for possible pullbacks. In summary , Tesla stock is in an important resistance zone. Breaking through this level with high volume could signal the start of a new uptrend. Otherwise, we may face a short-term correction. Consider these levels and technical indicators when making investment decisions.Everything is in its normal course.We had previously stated that Tesla had reached a strong resistance zone and would fall if it could not overcome this zone. This also came true. I think the fight between Trump and Elon Musk will be beneficial for Tesla in the long run. because as Elon musk becomes a political figure and moves away from his businessman identity, this will hurt his companies in the long run