tesla strong bullish momentumTesla, Inc.BATS:TSLAcryptobizchannelthe chart indicates a shift from the strong bullish momentum seen in late 2025 to a "sell-the-rip" environment where overhead supply is currently capping gains. 1. Key Price Levels Current Price: ~$411.82 (as of Feb 20, 2026). Resistance Zones: Major Resistance: $435 – $440. This area aligns with the 50-day and 100-day Simple Moving Averages (SMAs). Multiple attempts to break above $436 in mid-February were rejected. Psychological/High Resistance: $490 – $500. The late 2025 highs and a key psychological level. Support Zones: Immediate Support: $410. A critical "line in the sand." Losing $410 could trigger a "gap fill" down to $390. Strong Support: $384. This level is guarded by the 200-day Moving Average. Technical analysts view this as the primary floor for the current long-term uptrend. 2. Technical Indicators Moving Averages: The stock is currently trading below its 20, 50, and 100-day SMAs, which suggests a short-term bearish bias. However, it remains above the 200-day SMA, indicating that the multi-year bull trend is still technically intact. RSI (Relative Strength Index): Currently sitting near 48 (Neutral). This indicates that the stock is neither overbought nor oversold, providing room for a move in either direction depending on the next catalyst. Chart Patterns: Bear Flag/Descending Channel: Recent price action shows a tightening range (compression) between $410 and $425. Potential Double Top: A confirmed rejection at $436 (forming a double top with mid-February highs) suggests a Wave-C correction toward $390 could be underway. 3. Market Sentiment & Outlook The "Magnificent Seven" stocks, including Tesla, have faced a "brutal February" due to a rotation away from Big Tech. While long-term targets from analysts like Dan Ives (Wedbush) remain bullish ($600) based on AI and Robotaxi potential, the short-term technicals are cautious.