TSLA Technical Analysis for Tomorrow (10/10/24)

Current Levels:

Support: The key support levels to watch for TSLA are around $240.36 and $239.47. A break below this could potentially bring the price down to test $237.83.

Resistance: The primary resistance levels are at $241.58, followed by $244.60 and $246.23. A move above $252.14 would signal a breakout.

Trendline: The downtrend line is still in place. TSLA needs to break and hold above this trendline for a bullish reversal confirmation.

Volume & MACD:

The volume has been gradually declining, indicating indecision in the market.
The MACD shows signs of a potential bullish crossover, which could signal upward momentum, but confirmation is needed.

Tomorrow's Focus:

Watch for a potential breakout above the trendline around $241.58.
Be cautious of a breakdown below $239.47, which could lead to a further pullback.


Disclaimer: This is not financial advice. Always perform your own research or consult with a professional before making any trading decisions.