Tesla (
TSLA) has spent the last 5 years ranging between $100 and $300, with only two spikes — November 2021 and December 2024 — both of which failed to hold above $400. Structurally, this is a long-term range stock at this point.
Unless we see breakout with volume above the $400 level, the odds still favor a continued range. Long-term investors and traders should remain open to the idea of a retest toward the bottom of the channel ($100) — especially if Tesla's financials’s face pressure.
TSLA) has spent the last 5 years ranging between $100 and $300, with only two spikes — November 2021 and December 2024 — both of which failed to hold above $400. Structurally, this is a long-term range stock at this point.Unless we see breakout with volume above the $400 level, the odds still favor a continued range. Long-term investors and traders should remain open to the idea of a retest toward the bottom of the channel ($100) — especially if Tesla's financials’s face pressure.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.