Following what seemed like a breakout for Tesla back in July, the price of its stock has now fallen back within the long-term triangle area zone. Its share price is currently floating at around $213.66 a share in the pre-market, with the resistance in focus once again along the upper trendline of the triangle. The resistance reads approximately $221, a break above it this time may solidify the bullish momentum as it seems like a higher low has been formed thus far. This would then shift the attention to July’s high of $270.80 for yet another push higher into the back end of the year. The fresh higher low sits at$182.02, only a break below this price level would eliminate the assumption of a higher low. Possibly leading to a sell-off back towards the lower trendline, or respectively, the $150-$170 area. Looking at the technical indicators, their positioning indicates a neutral approach with a slight tilt toward the bulls. The MACD is still somewhat positive and the RSI is in a neutral stance as it reads 53.