TSLA stock is at a crossroad and maybe hard to admit that its lost in direction and headed back down for a recharge. I do see the potential for this stock to rebound if it does drop. Longer term, aside from all negative headlines TSLA is a threat to the old standard traditional car makers, dealers, auto mechanic. Its also a threat to indirect markets such as...
Looking like a solid swing trade, reasons shown on the chart, along with another chart with supporting reasons linked to this one.
ETRM looking like a solid swing trade, Reasons shown on the chart along with a second chart with other reasons linked to this idea.
Horizontal movement this stock looks good for swing and position trades. Or as an option trade straddles and strangles. However one interesting aspect is that the OBV is in a trend upward, precluding an long run trend.
closer up looks like a cup and handle formation.