Technical analysis by jamesibartram about Symbol TSLAX: Buy recommendation (8/14/2025)

Tesla (TSLA) – Swing Buy Setup Bias: Bullish short-to-medium term, targeting a strong supply zone above. Technical Breakdown: Price has completed a 5-wave structure to the upside, breaking above a wedge pattern and filling a volume gap. Current price action shows a clean breakout with potential continuation toward the $416.06 supply target. Key demand zone sits below current price, acting as a retest area after breakout. The strong supply target at $416 aligns with historical resistance and unmitigated order block. Entry Zone: Ideal pullback entries: $325–$335 range (grey demand zone). Confirmation with bullish candle close on the retest for safer entries. Take Profit Targets: TP1: $380 (minor structure resistance) TP2: $416 (strong supply zone) Invalidation Level: $297.82 – Break below here invalidates bullish structure.