$TSLA held the support line from the JAN channel 2 weeks ago (Yellow Dotted Lines), but failed to break over the 792 level last Thursday & dropped back into the Current & NOV Channels on Friday. This paces TSLA back into 2 bearish channels across multiple timeframes. Friday's action did fill the opening gap and is currently holding the March lows right at the 700 level. Anticipate TSLA hitting horizontal targets at 725 / 757 / 792 before it climbs out of the cellar...but is very likely once it can clear the WHITE & BLUE downward Channels. The ORANGE CIRCLE should play out this week, so TRADE SMART!!!
Vet
