Tesla Technical Analysis Breakdown, what is next?

Team,

Hope you are having a solid week. In this video, I wanted to summarize my thoughts on the price action for Tesla and outline some key support/resistance lines for the stock. We were oversold today around $402 which I was waiting in the early hours to trade a bounce, which we got a 2nd opportunity in the afternoon. The key level I have drawn out for this stock is the $408 price target which just happened to be where we close today.

Based on the higher lows, but not higher highs, I have drawn out a wedge which can be used to predict where I believe the stock is heading to.

Check out the video, let me know your thoughts and comments below. If you enjoyed the video, hit that like button and share it with anyone who you think may enjoy the video as well. TSLA