TSLA Daily: 450 Opens the Next Upside Move

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TSLA Daily: 450 Opens the Next Upside MoveTesla, Inc.BATS:TSLAParadise_NoirTSLA's daily chart is trading around 426.01, after a strong recovery from its April lows and breaking out of its previous prolonged downtrend. This is a very noteworthy technical signal, as the price not only recovered in the short term but also began to form a clearer higher low-high structure. Regarding news, Tesla is relying on strong sales in China. Tesla's China-made vehicle sales in April increased 36% year-on-year, marking the sixth consecutive month of growth. This is a positive factor supporting the stock's sentiment, especially given that China remains an extremely important market for Tesla. In addition, the FSD/AI/robotaxis narrative continues to be a major catalyst, helping TSLA to be valued as a growth technology stock, not just an electric vehicle manufacturer. However, the market should also be cautious as Tesla recently recalled 14,575 Model Y vehicles in the US due to a lack of weight certification labels. This news isn't huge financially, but it could create short-term volatility if the market opens with profit-taking sentiment. On the chart, the 400.00 level is a crucial near-term support. This is where the price could retest after a strong rally, and it's also close to the Ichimoku cloud support zone. As long as TSLA remains above 400, the short-term uptrend structure remains intact. Above, 450.00 is the first resistance zone that needs to be broken. If the Daily candle closes clearly above this zone, I expect the money flow to continue pushing TSLA up to the 490.00 zone, which coincides with the strong resistance area on the chart. This is also the zone where there is a higher chance of profit-taking. Reference strategy: Good buy: around 400-410 if the price retests and a confirmation candle appears Buy breakout: when the Daily closes clearly above 450.00 TP1: 450.00 TP2: 490.00 Support zone to hold: 400.00