Tesla Confronts Heavy Overhead Supply at $397-$407 as Short-Term Bounce Meets Structural Resistance
Tesla (TSLA) is trading around $391.01 on the 4-hour chart and has encountered a dense resistance band between $397 and $407 after a roughly 3% rebound. The move was sparked by a bullish reversal off $368.74 and a bullish engulfing candle on Jun 26, but a string of technical indicators - including the 61.8% Fibonacci retracement at $397.14, the Sup…