$Tesla Motors(TSLA)$ $Direxion Daily TSLA Bull 2X Shares(TSLL)$ $T-REX 2X LONG TESLA DAILY TARGET ETF(TSLT)$ 🔥🚗📈 Tesla Just Broke Its 10EMA Prison ~ Is This the Spark Before the Earnings Fireworks? 📈🚗🔥
It’s been 17 trading days since $TSLA last showed any real strength above its 10-day EMA, and suddenly, we’ve now had two closes back-to-back reclaiming that line. Thursday and Friday’s candles didn’t just poke above, they printed with intent, closing at $313.51 with the 10EMA rising beneath at $309.83.
That might not sound dramatic, but in trading terms, it’s a subtle shift in short-term power.
When a name like Tesla hugs under its 10EMA for that long, it tells me one thing, buyers haven’t had the upper hand. Most rallies were getting sold into, and the bears were dictating tempo. But now we’re heading into earnings in just 8 sessions, and suddenly the tone’s changed. These reclaim candles feel different. The price didn’t just tag resistance, it climbed through it and held.
Here’s where it gets interesting.
The last time Tesla closed above the 10EMA with follow-through, it ran hard, nearly $60 in a few days. I’m not saying history repeats exactly, but the mechanics are similar. Compressed volatility, bearish overextension, then a clean reclaim that starts pulling in early momentum traders.
Add to that:
• Options flow is picking up in near-term calls at $315 and $325
• Yields have cooled after Powell’s dovish tone, a green light for growth stocks
• Volume’s started to tick up, but not enough to suggest a euphoric chase
• Retail’s cautious, which often sets up the best asymmetry
The real battleground now sits around $320. That’s where the breakdown began a few weeks back. If bulls can chew through that zone and flip it into support, I’ll be watching for continuation into $335 and maybe even $347. But if this stalls and breaks below $306, the signal fades and we’re back to square one.
This isn’t about calling the bottom, it’s about recognising when the character of the chart shifts. And this week, for the first time in a while, Tesla’s starting to act like it wants higher.
Whether this is just a pre-earnings pop or the beginning of something bigger, I’ll be watching how price behaves around that 10EMA on any pullbacks. If it holds, the path of least resistance could be shifting north again and I think we're starting the wave 3 here
If that's the case, I'm looking for price to reach previous ATH's!
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