TSLA looks poised to fill the gap left behind after its last earnings. Gap fill also aligns with the upper trendline in yellow that has been weighing TSLA down since its ATH. If TSLA doesn't break thru the upper trendline, I can see TSLA retracing and backtesting 250-260 - a heavily confluence area - which can potentially be the buy zone for the next run into earnings. There is a channel TSLA is currently in coming from its bottom: Target by earnings is the top of the channel / fib extension (320-330)
Comment:
Channel within a channel
Comment:
Bigger picture....we have a gorgeous inverse head & shoulders brewing up on the weekly timeframe
