Tesla (TSLA, 1D)On the daily chart, TSLA has broken out of the long-term descending trendline and is now holding above the 50-day EMA and 200-day SMA, signaling a structural shift. Price retested the breakout level near the $262–$276 demand zone (buy zone) and showed renewed interest with increasing volume. The breakout is supported by growing momentum and a rising short-term trend, forming the basis for a potential continuation toward higher resistance levels.
The price is targeting the first key supply zone at $310–$330, and if this zone is broken with strong momentum, the next resistance lies in the area of $360–$380. Volume dynamics confirm buyer interest, and the short-term outlook remains positive while price stays above $262. A drop below this support may invalidate the scenario.
Tesla remains in focus as a high-beta tech stock amid speculative flows and earnings-driven sentiment. Structural recovery from local lows and technical breakout offer a medium-term bullish scenario.
The breakout of the descending trendline, combined with support from EMAs and price confirmation above the buy zone, supports a bullish scenario with targets at $310 and $360. As long as price holds above $262, momentum favors continuation to the upside.
