hi this is Carrie Artekch with Wicked Stocks bringing you your daily Tesla report for Wednesday March 26th 2025 Uh let's take a look at the charts I'll start with this weekly chart Uh it was earlier this week that we blasted right back above the 26155 channel bottom Actually it was Monday We did it in the opening minutes of the day Uh we are clearly above it right now Uh and this is the um third trading day of the week Five trading days There's time left And I'm not saying I want this to happen I'm just saying just know that I wouldn't read too much into it Uh the fact that we're back above 26155 Um is it a stabilizer sure for the week ahead or the week we're in But it really is 29130 as I've been saying that I think is uh the accurate or more reliable upward pivot point as we move into April activity We can fail at 231 sorry 29130 fall back quite easily within a day or two uh to 26236 26155 uh and there is 3 days left So we could conceivably top out at 29130 and fall back to close the week below this channel bottom at 26155 Uh which I think would be a sign of weakness on two counts One of course being the testing of 29130 and the other being an interweak violation of 26155 only to come falling back to close yet again below that 2-year channel bottom which we've done for the last two weeks in a row this being the third week We'll see how this week plays out Uh even if we close above 26155 um I don't think it necessarily means that violating 29130 is inevitable over the following days That may well play out but I'm not comfortable being an aggressive long position holder here unless we can close above 29130 And if we do close above 29130 we have a series of buy signals then to act on we do have uh you know kind of a double buy signal if you will or at least the rejection uh on an intraweek basis of a long-term sell signal when we push back above 26155 on Monday We also then on Tuesday close clearly above the 270. 54 descending 1/3 speed line That is a sign of potential longerterm strength But it really is 29130 this threemonth descending channel top Uh that may contain buying for the week itself potentially through April We could fall away from here But if we close above 29130 uh I see no good reason to be short Tesla as we move through the month of April I would say by the end of April we should then see 379. 38 Now can you act are you long now you might be long now I know there's a lot of bulls out there waiting for the first opportunity to buy Tesla That did play out to some extent when we closed several days ago above the rising channel top at 26236 But once again uh this is a longerterm formation a three-month channel top And if we close above it today I see 320.
74 uh by the end of next week or sooner This is probably a 3 to 5 day rally So if we're talking kind of the 2 to3 3 to 5day swing trade here you can sell 29130 and buy back at 26236 and vice versa You can buy you can go long at 26236 and take profits at 29130 If we close above 29130 three to five day swing traders and this could be a 1 to two day rally to 320. 74 where we can wind we can have trouble again for a day two or three but honestly closing above 291. 30 30 two to three week swing traders can go long up to 379.
38 This descending two/3 speed line able to contain buying into possibly through May activity and if settled above 379. 38 uh that would be the final indication the for anticipating a return I don't want to say a return but bullish continuation to 50960 50960 is the five-year channel top that we came close to testing in April at that all-time high and came cascading south Um and so this is a good image here this weekly chart you know closing the week uh Friday back above 26155 a stabilizer and this descending channel top is dropping at a pretty good pace If we happen to also close above 29130 or this formation over the next few days uh that does uh likely fuel a rally Um you know I could see the 340s Um I don't want to get too deep in the weeds on this Just to mention that this 379. 38 descending 2/3 speed line as you can see by later April the third week of April is in the upper 340s Why is that important because I would see this as kind of a 2 to 3 week target If we close above 29130 379.
38 a 2 to 3 week target And during that two to three weeks it looks something more like this where we're in the upper 340s low 350s upper 340s and climbing 34716 So you know if we get the buy signal and I don't want to confuse the issue Once again I'm just going to drive home the fact that I'm not comfortable being long Tesla into the month of April on a two to three week three to five week basis unless we can close above 29130 I see this as a potential um head fake in a big way where we could fall away from here So I think you can sell 29130 and if you're a 2 to 3 week swing trader uh you can either a take some profits back in the low 260s or you could just let it ride out because this is dropping at a nice pace If you sell 29130 today and we fall away for two or three days your stop loss might actually still represent a profit uh if you just do the 1% violation above this three-month channel top Um what else can I say um 26155 I don't think we're going to um I don't think we're going to close below it today But if we happen to uh break 270. 54 yes the low 260s is likely 26155 to 26236 We can bottom out there for the day and actually bounce back to the 29130 area This wedge can be filled out for the next three to five days 270. 54 is an intermediate pivot point for the day If we happen to uh push through uh the 29130 level uh we do have 30394 This is a pullback high uh that uh was very short-lived This is about a month ago before we collapse And that could be it to the upside for the day That is our quick intraday objective If we push through or open above 29130 30394 is likely And if we close today above 29130 320.
74 is in reach I'm going to say by Friday's close And over the next two to three weeks closing above 29130 you want to be long up to 379. 38 If we keep trading inside this low 260s low 290s area what to do well if you're position free you're buying a settlement above 29130 or you're selling a settlement below 26155 If you're long right now uh well you want to see this market close above 29130 So you can see continuation into what is now 37938 And if you're short right now you're holding out and uh anticipating or wanting a settlement back below 260155 uh on Friday uh where this market remains uh you know heavy on the defensive uh in reach of the mid50s to low 160s over the next couple of months But right now we're kind of in this in between phase It's kind of a gray area What to do you're buying a settlement above 29130 you're selling a settlement below 26155 and in between two to three day swing traders can play pingpong so to speak between the two Um you know on Tuesday wicked. com put out two stock picks uh because they're both right at the edge of a significant signal They're both by the way energy stocks One is um I'm going to pronounce it one okay but it could be uh on U it's the symbol is OK It's an Oklahoma based U natural gas midstream operator and also and they're both large cap stocks and Viper uh symbol VNOM They're both energy stocks I wanted to present them because they're on the precipice of uh buy signals We give all the specifics the channel formations and such that you can follow uh for the next few days the next couple of weeks I like them because West Texas Intermediate Crude oil put out a buy signal about a week ago Um you know I do that analysis every single day on the commodity side of my work And so these two may also show similar strength that is anticipated But um you check it all out at wickedtocks.
com You'll be able to see both of them for free uh by taking advantage of our 5-day free trial You'll also see our weekly Apple stock analysis our daily triple Q our daily SPY analysis our weekly S&P 500 and NASDAQ 100 So go to wickedtocks.
