Tesla Breakout After Downtrend – Bullish Targets

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Tesla Breakout After Downtrend – Bullish TargetsTesla, Inc.BATS:TSLAAlpha_Trade_ScopeThis chart of Tesla, Inc. (TSLA) shows a clear shift from a strong downtrend into a bullish recovery. Initially, the price was moving inside a descending channel (red zone), indicating consistent selling pressure. However, the price eventually broke out of this channel with a sharp upward move, signaling a potential trend reversal. After the breakout, the price formed a consolidation range around the green support zone (near 370–372), showing stability and accumulation. The presence of the cloud (likely an Ichimoku indicator) suggests the market is trying to build bullish momentum above support. Targets: First Target: Around 390–395 (short-term resistance area marked on chart) Second Target: Around 410–412 (major resistance / target point shown above)