Tesla
Short

TSLA, Turn?

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Not a bad area for a turn here. Hitting some resistance, some Elliott Wave Fibs and some geometry. BUT the bounce up appears to be a 3 wave move and a swift move down, which may suggest it is just a correction and more down is coming. Some kind of truncation could have occurred but would need to see some swift upwards to confirm. Watching this retracement. If it comes up to at least the .50 in a corrective move, that could be an indication the down is come. IF it heads down, there is some nice previous resistance that could be as support.
elliottwaveanalyisElliott WaveelonmuskParallel ChannelStocksstocktradingstonksSupport and ResistanceTesla Motors (TSLA)

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