TSLA: Rebounds to 412, But Selling Pressure Remains

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TSLA: Rebounds to 412, But Selling Pressure RemainsTesla, Inc.BATS:TSLAParadise_NoirTSLA H1 is showing a rebound after breaking out of its previous downtrend channel, but the area above 412.00 remains a significant resistance level. The current price is around 404.75, close to the Ichimoku cloud, and has not yet shown enough buying pressure to break through the resistance. On the chart, the price may still pull up to retest the 408-412 area, but if rejected there, a short-term downtrend could return. The 394.00-394.49 area is the nearest support and also the main downside target on the chart. Current news is not very favorable for TSLA in the next 24 hours: the market is cautious about the Fed, while short-term speculative capital tends to focus more on SpaceX. This makes TSLA's rebound likely to lack the momentum to break through. Reference strategy: SELL: 408.00 – 412.00 SL: above 418.00 TP: 394.00