Technical analysis by ContraryTrader about Symbol TSLAX on 8/17/2025

So this post is more on how I would trade TSLA this week Vs the long term view . For transparency, If I trade Tsla it's usually an 0dte situation on friday. My preference is BIG tech with High volume and IV under 35 (Aapl ,Amzn, Msft) .. Tsla Implied volatility (IV) is always above 50. Before I Trade these tech, I always like to chart the Sector they are trading under. I feel knowing where the sector is headed gives you an edge on the general trend of the stock. The top 2 stocks in XLY are AMZN 23% weighting TSLA 16% weighting So that means if you see this sector about to move higher or lower its usually 1 or both of these stocks behind the movement. Here's XLY daily I've circled 3 touches on each side that validates the channel here Notice after it tagged resistance on Wed tsla started to show weakness. By Friday only amzn push to close gap at 234 kept this up. I think Next week we will pullback and close that gap at 226 here and depending on if we bounce or not will depend on Tsla next move. Or we could choose the purple route and keep grinding. Me personally, i would want to open calls here at around 230, i mean we could see fawkery like amzn down 2$ which would allow tsla to pump 5$.. remember tsla went weak last Wed but amzn stayed strong into friday. Very bearish back under 226.00 I do think XLY is headed for ATH, though. Now on to tsla Let's start with Trendline and Fib levels Tsla is starting the week with support at 330.. Support below that is 326. Over 332 and 336 can come. Over 338 and 345 comes. So If you are bullish you'd either try an entry at 325-326 or above 338 and target 345. If you are bearish you either short below 325.00 target 315 and below 315.00 and 309 comes. Or short 345.00 with a 331 target. Patience and discipline limits the risk. So mid term out look for you guys who like to buy out a few months. If tsla Can CLOSE over 345.00 then I think 368 comes. But being so close To Sept we may get this Fawkery route of a trade between 330-368 until Late sept or Oct then a breakout Q4. This setup would be an ascending triangle and the move would similar to what you saw when aapl move from 200-230 in 3 days. I don't think tsla breaks back below 300 , atleast not in august so I won't entertain that scenario.. like I said, this idea was for a weekly trade route..