Tesla Approaches Key Resistance Levels Ahead Of Anticipated Robotaxi Event

Cars Parked In Front Of Company Building

Image Source: Pexels

Yesterday, TSLA sealed up its price gap after months of effort, and today the momentum continues as it approaches not one but four resistance objects: three of them being various Fibonacci retracement levels, all clustered tightly together, and the fourth being the descending trendline.

I can only suppose that the Robotaxi event in a couple of weeks is the reason for the excitement. A breach of the magenta resistance line would signal another powerful new leg of this rally.