Tesla destined to retest the median line
Updated
Tesla off the 200 week moving average has been a good place to buy based on its history. The last few times these test have resulted in a rebound to at least the median of the pitchfork (which would be around $340 right now). My stop is a weekly close below $260.
Note
With the sec settlement I expect Tesla to challenge the top range of the pitchfork, which is around $380, could happen pretty quick too.Note
what a ride! Not done yet. In fact i'm going to update Tsla to a new pitchfork which i suspect we maybe starting. #hype
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