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!
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