TSLA price has stabilized near the key $290–291 support zone, a level that has previously triggered rebounds. This presents a solid entry opportunity with limited downside risk.Context: The recent drop was triggered by headlines involving the U.S. President and Elon Musk. If this was mainly speculative noise, now could be the best time to buy, as the market absorbs the news and finds technical support.
Technical Setup:
• Strong support at $290–291 holding firm.
• Stochastic is in the oversold zone and starting to turn upward.
• Bollinger Bands tightening — breakout likely.
• Target: $307.45 (+4.57%)
• Stop-loss: $289.09 (−1.68%)
• Risk/Reward Ratio: 2.72
Expected move by July 9, 2025. With strong technical signals and fading news impact, this setup offers a favorable risk/reward for bulls looking to ride a rebound.
Trade closed: target reached
Take-profit was reached on Tesla shares, and today’s news that Grok will be integrated into Tesla vehicles within a week makes it worth considering a new analysis for potential further upside
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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.