On the weekly chart, considering week's max and min, Tesla's stock is forming a bullish wedge that should make the price go down in the coming 3 to 4 weeks as down as 299$ before bouncing back and possibly retesting the Fib retracement top value of 388$. RSI should ease out in to oversold territory as price goes down, making it very appealing for investors to jump in.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.