Schwab Network Chart of the Day: TSLA Revs Up Rebound
Apr 16, 2026
Brett Crowder, senior manager of Trading and Derivatives Coaching at Charles Schwab, offers technical market analysis and options-savvy chart work. He walks through TSLA’s recent intraday breakout and volume surge. He highlights key support and resistance on the one-year chart and maps potential paths: momentum-fueled run toward higher levels or a pullback to prior support.
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Intraday Breakout Held Firm At $390–$395
- Tesla's intraday breakout held elevated levels instead of retracing after a rapid $30 pop in about an hour.
- Volume clustered around $390–$395 and the stock maintained those levels even as the RSI declined, signaling sustained buyer interest.
Watch Typical Retracement Levels After Big Pops
- Expect profit-taking after strong intraday moves, but watch how far retracements go — halves or two-thirds are common reference points.
- Brett highlights the midpoint of the pop as a key level; Tesla barely retraced, making the midpoint less relevant here.
Two Technical Breaks Signal Possible Follow Through
- Tesla cleared two meaningful resistance lines including the $385 horizontal and a longer-term trend line while RSI momentum also broke resistance.
- That dual technical breakout increases the odds of a follow-through move toward prior resistance near $469.