Tesla has been one of the most controversial stocks over the last few years. In 2018 $tsla was the most shorted stock in the entire market. If we look at the technicals we can see that Tesla has been respecting a trend line dating back to early 2016, has been tested 3 times since, and has not closed below on a weekly level. This week will be very interesting, but I am 100% expecting a bounce to close out the week.
We can also see that an ascending triangle is also in play, with a $615 target pending a break of $385. Don't listen to the media. BTFD!
We can also see that an ascending triangle is also in play, with a $615 target pending a break of $385. Don't listen to the media. BTFD!