Interesting place for TSLA
Updated
Checkout the two regression channels of Tesla in weekly chart. At the top of the latest downtrend and in the middle of the bigger downtrend channels.
Bull case: TSLA goes to $770 then retests $735 and goes to the top of the main channel, $880-$900
Bear case: TSLA cannot break $735, goes back to low $600.
No matter where it goes, TSLA is at a very curios place.
Bull case: TSLA goes to $770 then retests $735 and goes to the top of the main channel, $880-$900
Bear case: TSLA cannot break $735, goes back to low $600.
No matter where it goes, TSLA is at a very curios place.
Note
TSLA is trying to breakout from the smaller channel. I think it will go to 706-710 may be $735 area to the middle of the bigger channel. I do not believe TSLA and market has enough steam to push to the upper band - $880-900. Great short at $710-735.
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