TSLA traded around 301.89 this week after failing to sustain momentum above the key resistance zone at 350.18. Price faced a sharp rejection near the upper Bollinger Band, resulting in a strong bearish candle, suggesting selling pressure is resurging as the broader trend remains under correction from January highs.
The recent bullish recovery attempt appears to have stalled. Price sharply reversed from the 350.18 resistance zone and is now hovering just above the 20-week lower median zone. The red candle shows strong bearish control, with the body engulfing the previous session. Bollinger Bands are wide, and price is descending from the upper band — a classical mean-reversion pattern.
MACD (12,26,9) histogram remains in negative territory at -7.449 and is slightly improving but still below zero, indicating bearish momentum persists despite minor recovery attempts. The 20-week moving average is acting as dynamic resistance, while the midline of Bollinger Band has not yet been reclaimed, further confirming downward pressure remains dominant.
Market Observation & Strategy Advice
1. Resistance Level: Strong resistance at 350.18 has been validated again with a sharp reversal.
2. MACD Status: MACD still below the signal line with negative histogram, suggesting weak momentum recovery.
3. Trading Strategy Suggestions:
- Short Bias Below 301.89: A breakdown below this zone could offer shorting opportunities targeting 218–220 regions.
- Wait-and-See for Bulls: Buyers may wait for a weekly close above 350.18 with bullish volume and MACD crossover before considering fresh longs.
- Watch Mid-Bollinger Mean Rejection: Repeated failure to break above the midline could confirm further downside ahead.
Market Performance:
Stocks Last Price % Change
AAPL 200.63 −1.08%
NFLX 1,250.52 +0.88%
Today’s Key Economic Calendar:
DE: Balance of Trade
US: Non Farm Payrolls
CA: Unemployment Rate
Risk Disclaimer This report is for informational purposes only and does not constitute financial advice. Investments involve risks, and past performance does not guarantee future results. Consult your financial advisor for personalized investment strategies.
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