Core Insights - Tesla has experienced significant price volatility over the past month, trading close to all-time highs before breaking down and then recently surpassing previous resistance levels [1][2]. Price Analysis - In the last five days, Tesla's stock price has shown volatility, breaking down around the support levels of 435 to 437, and recently managed to break above that level, indicating a shift where old resistance becomes new support [2][3]. - The one-year chart indicates that Tesla has formed a basing pattern, which is typically a bullish formation suggesting accumulation over time, although there is still considerable repair needed in the second half of this formation [4]. Candlestick Patterns - A bearish engulfing candlestick pattern was observed at the all-time high resistance levels, indicating significant supply at that level, which suggests that long-term resistance remains strong [5]. Support and Resistance Levels - The long-term support level is identified around 400, which is a gap from September 15, indicating a potential area of interest for long-term investors [5]. - Relative strength analysis shows that Tesla is approaching relative strength resistance against the tech sector, which may be a point of interest for traders [6].