@ICMakesTrades
YouTube
Avg. Quality
74
Success Rate
39.81
Analysis
108
Correct
43
Fail
43
Pending
19
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Pending
TSLA
Long Entry
483.3950
2025-12-19
04:37 UTC
Target
500.0000
Fail
466.3700
Risk/Reward
1 : 1
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The analysis indicates that Tesla (TSLA) has demonstrated a strong uptrend, leading the overall market despite broader weakness. The stock is currently priced at approximately $483.37. Technically, TSLA has successfully flipped a previous resistance level at $466.37 into solid support, confirmed by multiple backtests and a triple bottom pattern on the hourly chart. This establishes a robust foundation for further upward movement. The analysis projects a bullish continuation towards the psychological $500 target within the next week. This bullish outlook is supported by positive fundamental news regarding full self-driving robo-taxi testing and battery cell production expansion. A price dip below $466.37 would invalidate this upward forecast.
Conversely, the general market, represented by SPY, has experienced a challenging week with sellers largely in control, trading around $676.47. Despite the current bearish actual trend, a potential short-term bullish bounce is anticipated, with an immediate resistance target at $682.41. A sustained move above $671.20 would be crucial for this market recovery, which could provide additional momentum for TSLA to achieve its $500 objective. However, caution is advised for the $500 level due to its psychological significance.