Tesla Looks Ready to Grow!
Added 2025-04-29 11:52:44 +0000 UTC
Tesla’s stock is showing signs of strength. After a big correction of about -55.5%, which started in mid-December 2024 and hit its first low in March 2025, the stock is now forming a bottom.
Since March, Tesla has been trying to stabilize. It briefly dropped below the important 0.786 Fibonacci retracement level (which measures how much a stock has pulled back compared to its previous rise), but now it’s back above this level — and that’s a good sign.
As long as Tesla’s price stays above the blue dashed support line, the stock looks ready to grow.
Another good sign is that trading volume is rising, especially the buying volume. This shows that smart investors and big players are buying Tesla at these low prices. In fact, the buying volume now is the highest it’s been in years.
From a logical point of view, a 55% correction is very large. After such a big drop, it’s common for stocks to reverse direction and start a new upward move. Markets tend to move in waves — up and down, up and down — and it looks like Tesla’s down wave is ending, which usually means an up wave is about to start.
When Tesla hit bottom last month, the stock stopped falling and started moving sideways. Before, it was clearly falling, but now it’s flat. This change shows that Tesla is no longer in a downtrend — it’s in a consolidation phase, which often comes before a new rise.
In short: Tesla was bullish, then bearish, then sideways. Now, it looks ready to "Bullish" again.
