Update 2014-04-15: Latest trading session bounced exactly from the support line drawn. Tesla still in correction stage and close blow 200. Further possible down trend exists, although it is closing to the 100 day moving average, RSI STOCH and ACC.Dist are all at lows, and with any up wind Tesla may go up (unless bad news come in).
Update 2014-04-09 - Went as low as 204. By this a small gap was filled from 2014-02-18. There are no gaps to fill. Close to top of the trend resistance line. Needs volume and momentum to break. Looking for a test of the resisntance and 230-235 line. Maybe late to get into the next rally, but with this stock risks are higher
Update: Tesla out of the pattern. Once above 232, is a good buy. 233.5 is in between the top and bottom of the recent movements (day close). May test previous top, that is up 30 from here, after that may go 30 from there (but that is just speculation). Long term up trend still in tact.