TSLA is still inside its uptrend channel since March of last year.
what can happen this week:
- it will either shoot up from here until 800+ since it's on the bottom of the channel right now;
- i support does not hold, it will fall until 450 and breakout of the uptrend
So, the downtrend channel was broken 2 days ago and it has found support on the EMA 200 and 50. RSI has still room to go up before reaching the overbought area.
I think it's just a matter of time that we will test the 68,5% retrace and break it also.
I don't know many of you have in your chart that was not broken, you probably are using log view.