Technical analysis by jacesabr_real about Symbol TSLAX on 8/16/2025

Tesla (TSLA) is displaying strong bullish market structure with clear higher highs and higher lows on the 4-hour timeframe. **Key Technical Observations:** 📈 **Trend Structure**: Higher highs and higher lows confirm the uptrend is intact. 💪 **Key Support Level**: Proven buyers established at $308.20. 🔄 **Resistance Break & Retest**: TSLA has broken through resistance and is now retesting it from above - a classic bullish signal. **Potential Scenarios:** 1️⃣ **Retrace to Support**: The logical next step is to retrace to the proven buyers at $308.20 (bearish target at $308.30) before another leg higher. This would offer a lower-risk entry point. 2️⃣ **Direct Move Higher**: We could also just head up to $343.50 from here, either to break up higher or just retest the resistance there. **Trading Approach:** Currently retesting broken resistance. Be prepared for either scenario - a retrace to $308.30 or continuation to $343.50. Both paths remain valid within the current bullish structure. *Not financial advice. Always do your own research and manage risk appropriately.*