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September 24, 2026 at 3:46 pm #180
Lost in the AI-chip frenzy, Tesla has been building one of the steadier charts in large-cap tech: $380.12, above the 20-day ($363.21) and 50-day ($348.96), both rising, RSI 60.6 — bullish without excess.

Structure: higher highs and higher lows from the $297 area, +8.5% in the last month. Nothing parabolic, nothing broken — just a methodical uptrend. -16.2% below the $453.40 May high, so there’s overhead supply to work through, but the trend sequence favors the bulls.
What makes TSLA’s chart interesting here: it’s rallying WITHOUT the AI-chip narrative doing the work — this is execution and sentiment repair. That independence is either diversification or a warning, depending on your view of the AI trade’s durability.
Levels: $400 psychological is the near-term gate; above that, $430–453 (May high) is the real test with the heaviest supply. Support: $363 (20-day), then $349 (50-day) — the trend’s foundation.
The setup: boring is good. A stock grinding higher on rising MAs with mid-range RSI is exactly the profile that survives market wobbles better than the high-beta names. If the AI trade hiccups, charts like this tend to outperform on a relative basis.
Watch: any robotaxi/energy news flow (the usual volatility triggers) and whether $400 flips from resistance to support. Data as of Sept 24, 2026 close. Not financial advice.
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