It's time for a brand new analysis, today we're breaking out TSLA.
This chart is on 1 hour timeframe. As we can see TSLA has hit the 250 mark for 2 times already and it has bounced back to 300-340 mark. This pattern has hit already twice in a row, now we will see if it happens for the third time. RSI9 is pretty nice indicator in downtrends and if you look at the RSI bottoms it is lining up with other dips. After these dips it everytime does a correction. Even tho Wall Street is now skeptical about Tesla's future, I still believe in chart analysis. It will get up! :)