$Tesla Motors(TSLA)$ ๐ฅ๐จ Why $252.81 Could Be My Signal for TSLAโs Next Big Rally ๐จ
Iโve been glued to my screens, dissecting Teslaโs stock (TSLA) after its wild ride this week. Yesterday, I watched TSLA rocket up 22.69% to close at $272.20, its second-best single-day gain everโ๏ธโ๏ธThat surge hit me like a jolt of adrenaline, sparked by a broader market rally after Donald Trump announced a 90-day tariff pause, excluding China ๐จ๐ณ However now, as I sit here, I see the market has clawed back 60% of those gains, with TSLA trading around $253.83. Profit-taking is in full swing, and Iโm wrestling with a question: is this dip my chance to jump in, or a sign to hold off?
For me, it all comes down to one number: $252.81. If TSLA closes above that level, Iโm convinced it could kick off the next leg of a ๐ ฑ๐๐ ป๐ ป๐ ธ๐๐ ท run. Let me break down why Iโm leaning this way, weaving together the technical signals flashing on my charts and the fundamental forces swirling in the background.
My Take on the Charts: A Setup I Canโt Ignore
I generally start with the technicals, theyโre my compass in the chaos of the markets. Right now, TSLAโs chart is lighting up with signals that have me intrigued:
๐ข Stochastics at the Bottom: Iโve noticed the 5-minute stochastic oscillator has plunged to oversold territory. From my years of trading, I know this often means a bounce is brewing, especially when other pieces fall into place.
๐ข Gaps Waiting to Be Filled: Iโm staring at open gaps above TSLAโs current price on the chart. These gaps, spaces where the price leapt between sessions, are like unfinished business to me. They tend to pull the stock back to fill them, and with gaps sitting higher up, I see potential for an upward move if momentum shifts.
๐ข VIX Pulling Back: Iโve been tracking the VIX, the marketโs volatility gauge, and itโs just rejected higher levels. A falling VIX tells me fear is easing, which could give risk-on stocks like TSLA the breathing room to climb. If it stays below 50, I reckon the stage is set for a rebound.
The Bigger Picture: Whatโs Driving My Thinking
Charts are only half the story, I needed to dig into the fundamentals to see the full picture. Hereโs whatโs on my mind:
๐ก Tariff Pause Fallout: Trumpโs tariff pause lit the fuse for yesterdayโs rally, but Iโm puzzled by the 60% retracement that followed. I suspect traders like me are cashing in, unsure how China might react to being left out of the deal. That uncertainty is a wildcard I canโt ignore.
๐ก Bonds in Freefall: Iโve been watching the bond market sell off, with the TLT (20+ Year Treasury Bond ETF) sliding further. Normally, rising yields spook me for growth stocks like TSLA, hiking the cost of future cash flows. But Iโm wondering if this is less about economics and more about geopolitics, could China be dumping Treasuries to flex its muscle? If so, I see it as a short-term hiccup, not a dealbreaker.
๐ก Market Mood Swings: I keep hearing whispers about the โGovernment Credit Cardโ, a nod to policy moves propping up markets. This tariff pause feels like one of those plays, but the quick profit-taking tells me confidence is shaky.
Why $252.81 Has My Attention
Hereโs where I tie it all together. If TSLA closes above $252.81, I see a compelling case for a rally taking shape:
๐ข Support That Holds: I view $252.81 as a key support line. If it stands firm, Iโll take it as proof the pullback was just a breather in a bigger uptrend.
๐ข Momentum Ready to Flip: With stochastics oversold, I think a close above this level could flip the switch, pulling in buyers like me whoโve been waiting on the sidelines.
๐ข Gaps as Targets: Breaking $252.81 would give me confidence TSLA could sprint toward those open gaps, maybe even fast-tracking a double-digit move.
๐ข A Calmer Market: If the VIX keeps trending down and bonds settle, I believe the environment could fuel TSLAโs fire.
Iโve seen this playbook before. Late last year, I watched TSLA test a similar support after a big run, hold it, and then tack on 15% in a couple of weeks. Iโm not saying itโs a sure thing, markets love to keep me guessing, but the pattern sticks in my head.
I also peeked at the options flow on Unusual Whales, and I spotted heavy call buying above $252.81. That tells me the smart money might be thinking along the same lines.
What Could Throw Me Off
Iโd be lying if I said thereโs no risk, Iโve been burned enough to know better. If TSLA canโt close above $252.81, Iโll start wondering if the profit-taking has more legs, maybe forcing a longer consolidation. And if the VIX spikes past 50 or bond yields keep soaring, Iโll feel the heat on TSLAโs downside.
๐จ๐ณ Chinaโs next move is nagging at me too. If theyโre selling Treasuries or stirring the pot, I could see markets wobble, dragging TSLA with them.
Where I Stand: Bullish, But Eyes Wide Open
So, hereโs my call: Iโm ๐ ฑ๐๐ ป๐ ป๐ ธ๐๐ ท on TSLA if it closes above $252.81. The technicals are screaming opportunity, and while the macro stuff is messy, I think the upside edges out the risks. Iโm not diving in blind though, Iโll be glued to the VIX, bond yields, and any China headlines that could flip the script.
Iโve been poking around Unusual Whalesโ options flow and itโs feeding my optimism with real-time trader moves. Iโm curious what others make of this setup, bullish breakout or bearish trap? My gut says the former, but Iโm always up for a good debate.
๐ข Donโt miss out! Like, Repost and Follow me for exclusive setups, cutting-edge trends, and insights that move markets ๐๐ Iโm obsessed with hunting down the next big movers and sharing strategies that crush it. Letโs outsmart the market and stack those gains together! ๐๐๐
Trade like a boss! Happy trading ahead, Cheers, BC ๐๐๐๐๐
@TigerStars @TigerWire @TigerPicks @Tiger_comments
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Great write up BC! Thanks ๐๐ผ ๐ป
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?