TSLA weekly - likely strong bullish move

On weekly, TSLA is in the huge down channel. It broke below BigRed (200 MA). Last two weeks it formed a bullish reversal candle called Hammer. Hammer was formed at the support line from the 2020 low and high which could be very bullish. TSLA week start with a gapped down, which continue to drop most of the week, but on Friday it found a lot of buyers, likely institutional buyers which didn't allow the price to move below the very strong psychological area, round number 100$.

It's below all major MA which is bearish, but as it is very extended to the down I mean far away from 8 and 20 MA it could be bullish or which would indicate bounce time.
RSI enters an oversold area and due to the fact TSLA is due for the bounce which is bullish.
MACD histogram ticks are at extreme, while the MACD line and the signal line are at the lowest level ever which could signal a reversal.

Overall: due to the fact it is oversold, we had hammer reversal candle we could see pump towards upper channel line and even break of the channel. BigRed (200 MA) will almost certainly be a hard resistance line. On the other side, if TSLA doesn't break the upper channel line it will very likely test the bottom. I assess 100$ won't be broken the first time or so easily. Only longer consolidation on prices around 100+(several weeks) would create conditions for a stronger further down move.