TSLA technical analysis for today’s scalping and swing Oc. 29

Key Levels

Resistance:
273.58: This appears to be a major resistance zone, possibly challenging for a breakout.
261.56 - 262.86: A range showing short-term resistance. A clean break above may lead to further upside movement.

Support:
249.89: Key support that has previously held.
223.56 - 223.84: Major swing support area. If price reaches this level, it could attract buyers for a potential bounce.

Entry/Exit Points
Scalping:

Entry: Look for quick entries around 262.86 if price finds support at this level. A breakout above 273.58 may offer a continuation scalp.
Exit: For scalps, consider exiting around 273.58 or on signs of resistance just below 269.19 if you entered at lower levels.

Swing Trading:

Entry: Consider entering a long position if price pulls back to the 249.89 support and shows bullish signals.
Exit: Target exits near 261.56 if there is resistance or a strong rejection, or higher around 273.58 if momentum is favorable.
Directional Suggestion
Bullish Bias if TSLA can hold above 262.86. Watch for a potential test and breakout towards 273.58.
Bearish Possibility if TSLA breaks below 249.89, potentially moving down toward 223.56 for a retest.

Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research and consult a financial advisor before making trading decisions.