Jul. 22 at 2:30 AM
$TSLA
Why SMI crossover often triggers such a massive jump in TSLA
1. The Historical Price Distance
Looking back at that same June setup circled on your chart:
When the SMI hooked and crossed back up from the -70 oversold level, TSLA didn't just crawl up a few bucks—it ripped from the
$360S all the way past
$400 in just a few trading sessions.
That was a +
$35 to +
$40+ move (+10% to +12%) off the bottom.
2. The Squeeze Effect at Current Levels
Right now, TSLA is tightly coiled between:
Floor Support: Long-term trendline at ~
$368 –
$375.
Ceiling Resistance: Immediate descending trendline at ~
$387 –
$390.
When an SMI line crosses upward from an extreme level while price sits right at support, it usually signals that the downward pressure has completely run out of gas.
If earnings act as the fundamental catalyst to force price through that
$387–
$390 ceiling, the technical momentum from that SMI crossover is what provides the engine for a rapid push straight to
$405 –
$420+.
