TSLA Touches Key Support and Rejects Lower Levels

Tesla has just tapped its long-term ascending support line, respecting the multi-month higher-lows structure that has guided price since early 2024. The rejection from the trendline coincides with rising volume and early signs of momentum recovery, suggesting buyers are defending this zone. As long as TSLA holds above this support, the setup favors a move back toward the upper resistance of the symmetrical triangle, with downside risk limited to a break below the trendline.