In today’s Stock of the Day, we’re watching Tesla (TSLA), which is approaching a key inflection point as it compresses inside a symmetrical triangle — a setup that often precedes explosive movement.
The pattern is defined by red trendlines, forming a long-term triangle with a smaller, more immediate triangle nested inside. Tesla is now nearing the apex of the shorter triangle, which suggests a breakout is likely soon.
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A break above the upper red line would be a long-term buy signal, signaling that buyers have reclaimed momentum.
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A break below the lower red support would act as a sell trigger, with a target toward the lower boundary of the broader triangle.
At the moment, Tesla is trading right in the middle of the formation, making the breakout direction unclear. The market will decide — but once price escapes the triangle, we’ll have a clear technical roadmap.
For now, the setup is neutral, and the breakout — whichever way it goes — will define Tesla’s next major move.