# TSLA’s $350 Fight Starts Monday | Aug. 31–Sept. 4Tesla, Inc.NASDAQ:TSLABullBearInsights **Daily chart** TSLA has recovered more than $50 from the July low at $297.70, but I still see this as a recovery move, not a confirmed breakout. Price closed near $348.75 and remains below the $360–$368.71 resistance area. That is where the previous breakdown started. Until TSLA takes it back, sellers still have a level to defend. Daily RSI is back above 50 and currently near 54. Momentum is improving, but it is not strong enough to ignore resistance. My daily levels: * Support: $340–$345 * Next support: $320 * Major support: $297.70–$300 * Resistance: $360 * Major resistance: $368.71 * Higher levels: $400, $430 and $455 Holding $340 keeps the current rebound alive. Losing it could send the stock back toward $320. A daily close above $368.71 would finally change the larger chart and give buyers control again. **15-minute chart** Friday started near $358.80 and then sold off almost the entire session. The low came in at $345.20 before buyers stepped in and pushed price back toward $348. The bounce was decent, but it stopped under $350. Price also remains close to the declining short-term average, so I am not treating the late-day recovery as a breakout yet. The immediate range is $345.20 to $350. Above $350, I have $352.50, $355 and $358.80. A clean move through Friday’s high would put $360 back on the table. Below $347.50, TSLA can revisit $345.20. If that low breaks, the next levels are $342.50 and $340. Volume increased near the low, which shows buyers were interested around $345. That level still needs to hold when regular trading opens. **GEX map** TSLA is sitting directly between two nearby gamma levels: * $350 call level * $347.50 high-volatility level * $345 major put level * $342.50 lower put level * $340 downside support Above $350, the call levels are $352.50, $355, $357.50, $360 and $365. The $350 level has the largest nearby positive-gamma concentration. That can act like a ceiling until buyers push through it with volume. The $347.50 high-volatility line may also pull price back toward it during a slow session. GEX is positive, so TSLA could spend time chopping between $347.50 and $350. If price leaves that range, the next move should be easier to trade. Calls make up about 40.6% of the positioning shown, so puts have the heavier share. IVR is only around 5, meaning implied volatility is low compared with its recent range. Options may look cheaper, but a pinned market can still burn short-dated premium quickly. **Day-trading plan** For calls, I want a 15-minute close above $350 and then a hold. My targets would be $352.50, $355 and $357.50. If volume stays strong, I would leave a small runner for $360. I would also consider a bounce from $345, but only after price rejects the level and gets back above $347.50. I am not interested in catching it while it is still dropping. For puts, the cleaner setup is a rejection at $350 followed by a loss of $347.50. Targets would be $345, $342.50 and $340. The short is wrong if TSLA gets back above $350 and holds. Between $347.50 and $350, I will probably wait. That area looks built for chop. **Long-term investment view** TSLA is difficult to value like a normal automaker because the stock also trades on autonomy, AI, robotics and energy. That creates opportunity, but it also creates violent swings when expectations change. I would not build a full long-term position near $350. My approach would be to buy shares in stages: * Small position around $340 if support holds * Add around $315–$320 * Keep another portion for $297–$300 * Add on strength only after a confirmed break above $368.71 A weekly close above $368.71 would improve the chart and bring $400 into view. Above $400, the larger levels are $430 and $455. A weekly close below $297.70 would break the current recovery structure. That would be my signal to stop adding and review the position. For this week, $345 is the floor, $350 is the pivot, and $360–$368.71 is where the real resistance begins. This is my chart plan for the week, not a recommendation to buy or sell.