Verified Investing on $TSLA (Oct 26, 2026)
TSLA is closed just under a trendline from December 2025; a close above 392 would set up breakout potential, and with a continuation push higher the next day, any pullback would be a buying opportunity. Near-term overhead resistance is heavy, but clearing it opens the chart to the $500 double top.
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Next up, we've got Tesla, which was on the verge of a breakout watch. You can see from this declining trend line on the chart dated back to December of 2025. And I connected that through these first pivots, but I made sure to connect the top of that trend line to this top pivot here on May 27th.
Continue that trend line all the way down. And you can see price action and the 10-minute chart closed just underneath that trend line. That's a big deal. If we closed above it, we would have breakout watch potential on the chart of Tesla for tomorrow.
You can see this could be a big big breakout for Tesla. Yes, it's got a lot of overhead resistance near-term, but if we can get through those, oh my gosh, guys, the charts open up all the way to double top at $500.
So, very much watch this near-term in the next couple days. Can Tesla close above 392? And if it does, we've got a good shot to watch for a breakout potential on Tesla. Make sure to watch for a continuation push higher on the following day.
If you get that, any pullback is a buying opportunity for Tesla to attack the next levels moving up on the chart.
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