Tesla Just Flipped the Switch, Is a Massive Reversal Starting?

Tesla (NASDAQ: TSLA) has been battered for weeks but the tide may be turning.

According to one former US Champion trader who’s known for his ability to catch turning points with surgical precision, Tesla just flashed one of the strongest technical setups in the market.

Key Points

• Tesla has emerged as the strongest name on the screen with a powerful bounce off the lows and short-term moving averages aligning for a potential upside surge.

• Key EMAs are curling upward, hinting that trend momentum may be shifting bullish for the first time in weeks.

• A move toward the $330–$347 range looks increasingly probable if bulls maintain control and volume stays strong.

Relentless Downtrend Ending?

After a relentless downtrend from its December highs around $488, TSLA finally found a floor and staged a sharp rally. What’s got seasoned traders watching closely now isn’t just the bounce but how the moving averages are behaving.

“5 day through 10 day and 10 day now curling up, 20 day starting to curl,” Oliver Kell notes.

This matters. In trending markets, especially recoveries, moving average crossovers often serve as early signals of a potential shift in sentiment. With the 5-day EMA now trading above the 10-day, and the 10-day starting to curl up, Tesla’s short-term trend is turning bullish for the first time in months.

Even more importantly, the 20-day EMA, a common trend filter, is just starting to flatten and curl, implying that medium-term buyers are stepping in.

We also see price action lifting cleanly above the 20-day EMA of $258.15, backed by strong volume. This breakout from the recent base around the $250 level is technically significant.

How High Can Tesla Go?

Above, Tesla faces some resistance near the $270–$280 range, which is the first ceiling in a series of congestion zones.

But if momentum continues and the 20-day EMA acts as support on pullbacks, a move toward the top of the falling channel around $330 and even the 50-day EMA (~$347) becomes a reasonable target.

This isn’t about catching the bottom but about recognizing that Tesla might be flipping the script and reclaiming leadership among high-beta growth names.

Key Levels to Watch:

• Support: $258 (20-day EMA), $270 (psychological + prior resistance)

• Resistance: $288 (current price), $330 (channel top), $347 (50-day EMA)

• Volume: Confirming strength — today’s spike is the biggest in weeks

Final Take

Tesla still has work to do and this is far from a confirmed uptrend  but the structure is forming.

The curling EMAs are a clue. Price reclaiming key levels is another. And volume expansion is the final piece of the puzzle.

If these ingredients stick, Tesla may just be entering a new phase of bullish acceleration.

For traders eyeing asymmetric reward setups, this one deserves a spot on the screen.