Tesla (TSLA) is currently trading above its developing value area low (VAL) at $401.91 of today, a critical support level that aligns closely with key levels from December 10th at $400.39 and $400.99. These levels, along with the psychological $400 round number, mark a significant support zone where the market recently reversed upward after an 18% decline from its all-time high of $488. Below is a detailed breakdown of key price levels and guidance for traders navigating Tesla’s next moves.
Key Levels for Tesla Bulls
Immediate Support and Reversal Zone
- $401.91: Today’s developing value area low (VAL). Holding above this level is crucial for the bullish reversal to remain intact.
- $400.39–$400.99: Key historic support levels from December 10, situated just above the psychological $400 round number.
Upside Resistance and Profit-Taking Zones
- $411.57: A previous naked level, likely to act as initial resistance if price continues upward.
