TSLA Nearing Consequential Support

TSLA-- Tesla is expected to report its Q2 2025 vehicle delivery numbers this week, likely on Wednesday, July 2, 2025. The attached Big Picture Daily Chart shows the post-April rally that has propelled TSLA from $ 214.25 to $ 367.71 (+72%), representing a 60% recovery from the bear phase that occurred from December to April 2025, during which TSLA's value decreased by 56%.

From the recent recovery rally high at 367.71 (5/29/25), TSLA has been in the grip of a tug-of-war, range-bound corrective process, capped at resistance lodged between 357 and 368, juxtaposed against support at 273 to 280. 

That said, let's notice that as we speak, TSLA is on the defensive, nearing consequential support at its rising 200 and 50 DMAs (312.82 and 311.30), which MUST CONTAIN additional weakness on a closing basis to avert triggering downside projections to retest the lower boundary of the recent corrective range (273-280). 

I suspect that TSLA's reaction to Wednesday's quarterly delivery news will dictate the success or failure of a test of the major up-sloping moving averages. Purely from a technical perspective, my pattern setup work will remain constructive unless and until TSLA violates support at the 6/05/25 low of 273.21, meaning that a closing violation of the MAs will increase expectations of a deeper pullback off of the 5/29/25 recovery rally high at 367.71, but not a damaging technical event unless TSLA slices beneath 273.21... Last in pre-market is 321.20/25...