Apr. 20 at 12:38 PM
$TSLA — the higher timeframe is still running the show, and the reaction we just got confirms it.
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Weekly 100SMA acted as the key pivot — price tagged it and ripped ~70 points. That’s not noise, that’s institutional support stepping in.
Now the important shift:
Price reclaimed the weekly 50SMA (~
$385) and the 13EMA. When TSLA gets back above the 13EMA after a bounce off the 100SMA, the playbook is clear — flatten → turn → expand.
We’re seeing early stages of that turn now.
Key levels I’m tracking:
$440 → major resistance from prior peaks (first real test)
Break + weekly close above → opens path to
$550 zone
If
$440 flips from resistance → support, that’s when momentum traders pile in and trend acceleration kicks in.
This isn’t about guessing tops — it’s about recognizing structure.
TSLA is transitioning from rebound → potential expansion phase.
Watch the weekly. That’s where the real signal is.