TSLA is attempting to regain upside momentum after a sharp pullback from the recent highs near the upper Bollinger Band. Price has bounced back above the middle Bollinger Band and is now pressing toward the upper band again, suggesting buyers are stepping back in after the recent consolidation phase.

The MACD has turned positive with a bullish after failing to hold above the prior highs earlier this year. A strong move above the recent resistance area could open the door for another test of the highs, while failure to hold the middle Bollinger Band would likely bring renewed selling pressure.
Wishing you the best,
Wendy

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