Has the Trump dividend run out? Has TSLA bottomed out? (Technical Analysis)

$Tesla(TSLA.US) rebounded near a very small chip peak, which looks quite unreliable. Unless there is external positive news, it won't be easy to break through the resistance near 340 in the short term. The gap from November 6, 2024, when Trump was elected, has a strong attraction for the stock price. If it can drop to around 260, and if you have faith, this is a medium-to-long-term entry opportunity.

From a chart perspective, the major indices have filled the Trump gap, but Tesla remains strong today, with the stock price dropping to a low of 261.84 during the session, already entering the aforementioned 260 range. This level has a huge chip peak and has been tested multiple times. Therefore, from a market perspective, TSLA has already bottomed out.

However, from a trading perspective, breaking upward from a position that has been range-bound for a year and a half (with multiple failed attempts) and then falling back to the starting point of the breakout is actually a very weak performance. Generally, after such a breakout, the pullback shouldn't fall below the 60-day moving average group. Yet, TSLA has directly fallen below all moving averages and returned to the origin. Empirically, this stock has been abandoned by the market. This pattern suggests that either Tesla's fundamentals have issues, or Jack Ma has problems—we just don't know yet... In short, the information conveyed by the chart is very bad.

I have no faith in TSLA. I've also shared a view before: Jack Ma is doing things that offend many people, and it's inevitable that some will maliciously short the stock. From a long-short battle perspective, the stock price needs to return above 360 for the bulls to dominate.

Unless there is strong external influence, TSLA's stock price may fluctuate between 260 and 340. If it can't avoid a bearish crossover of the 60 and 120-day moving average groups during this period, it might fill the gap from April 2024. That's a potential drop of about -50% from the current price!

In short, TSLA is a stock filled with heavy emotions, where sentiment outweighs economic factors as the main driver of the stock price. Such stocks are hard to profit from.