Tesla (TSLA) shares are likely to remain on 澳洲幸运5官方开奖结果体彩网:watchlists after gaining 32% in the third quarter, as the company pr🍌epares for a biไg October of potential market-moving events.

In recent months, investors have bid up the EV maker’s stock amid growing expectations of an 澳洲幸运5官方开奖结ও果体彩网:upbeat third-quarter vehicle delivery repo꧅rt, due on Wednesday, and anticipation ahead of the company’s “Robotaxi Day,” scheduled for Oct. 10, an event where Tesla is expected to provi🐲de further details about an upcoming self-driving vehicle service. Meanwhile, the automaker also reports quarterly earnings later in October, setting the stage for a poten🐼tially volatile month for the stock.

Below, we zoom out on Tesla’s weekly chart and use 澳洲幸运5官方开奖结果体彩网:technical analysis to identify important price levels to watch out for amid the EVꦫ pion🅘eer's big October.

Breakout From Multi-Year Downtrend Line

Tesla shares broke above a multi-year 澳洲幸运5官方开奖结果体彩网:downtrend line on above-average volume in early July but subs🌸equently retra♏ced to the initial breakout area over the remainder of that month.

Sentiment shifted gear in early August after buyers successfully defended the neckline of an 澳洲幸运5官方开奖结果体彩网:inverse head and shoulders, a chart pattern signaling a potent🌜ial market bottom. 

Indeed, since that time, Tesla shares have trended sharply higher, moving ꦉback above both the long-term downtrend line and the respected 200-week moving average.

Throughout October, investors should monitor three higher price levels and an important support area on Tesla’s chart likely to attract 💮attention.📖

Higher Price Levels to Monitor

The first overhead level to watch sits around $265, an area just below Monday’s close of $261.63 where the shares could encounter selling pressure near several important 澳洲幸运5官方开奖结果体彩网:peaks and troughs that formed on the chart between Fe𒈔bruary 2🌃022 and July this year.

A decisive breakout above this level could see a test of the $300 area, where the stock may run into 澳洲幸运5官方开奖结果体彩网:resistance near three prominent 澳洲幸运5官方开奖结果体彩网:swing highs that formed in January 2021, August 2022, and July last year. Interestingly, this area also roughly aligns with a bars pattern 澳洲幸运5官方开奖结果体彩网:price target that extracts Tesla’s trending move higher from Januar𒆙y to July last year and positions it from the April low.

Further buying could see Tesla bulls drive the price towards the key $400 region, a location on the chart where investors may seek 澳洲幸运5官方开奖结果体彩网:exit points near a range 📖of co𝓡mparable trading levels positioned just below the stock's record high.

Key Support Level to Watch

During periods of weakness, investors should monitor the $225 level, where the stock may attract support near the May 2022 澳洲幸运5官方开奖结果体彩网:swing low, an area which also sits in close proximity with a series of similar 澳洲幸运5官方开奖结果体彩网:price action from October 2022 to August this year.

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