Part 3/10:
The technical picture painted by some traders suggests Tesla’s stock is approaching a multi-year resistance line. Breaking above this threshold, presently around the $300 mark, would be seen as a bullish signal, potentially paving the way for a new all-time high.
However, resistance isn’t easy to conquer. Historical price levels—multiple resistance points—are consolidated near certain levels, making a breakout challenging without significant catalysts. An earnings beat or excellent delivery numbers could provide the necessary momentum to push Tesla through this obstacle and ignite another rally.