In today’s stock spotlight, we’re turning our attention to Tesla, which delivered a stunning 23% gain in a single session—a remarkable performance by any standard. Of course, yesterday’s rally wasn’t unique to Tesla alone, with double-digit gains across many names on the American stock exchange, but Tesla stood out as one of the top performers of the day.
This powerful surge has reshaped the technical landscape for the stock. First, we now have confirmed support around $220, marked on the chart with yellow. This level, tested and respected, is now a solid foundation for the current upswing. From here, Tesla is aiming toward a key long-term downtrend line, highlighted in red, which has capped the upside for months.
With this reversal, the short-term sentiment has clearly shifted to positive. But for a true long-term buy signal, we still need to see the price break and close above the red trendline. Until that happens, sellers still have the upper hand in the broader picture.
To sum up, if Tesla manages to close above the red resistance line, it would confirm a technical breakout and establish a strong bullish signal. Until then, this sharp rebound is promising—but not yet decisive.