TESLA

I was asked what $TSLA might look like for the next four weeks. Since my ideal support of $352.96 was broken today, I have to allow for the possibility of lower to $323.51.

If $TSLA price can get back over $356.56 though - we could see a climb back to test the lower part of the weekly Ichimoku Cloud at $382.12.

The most optimistic test would be to $444.69 in four weeks. But that's only likely if $TSLA crosses back into the IC cloud first.

The indicator at the bottom of this chart is the Stochastic Momentum Indicator. The last time TSLA had a red box below -40 was a year ago on April 7. You can see price is creeping up on -40, but it could reverse any time without crossing and forming a new red box.

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