Tesla

TSLA

212
TSLA closed the week at 696.69. Last week's analysis still holds true, but the set up for a dip-buy looks even better this week. TSLA test 687 last week on Friday, and managed to bounce decently, closing the day as a doji. I still like TSLA swings here, as long as TSLA can hold 687. Keep an eye on the overall market to see if SPX/NDQ can set up a double bottom this week. If the market continues to fall, I would heavily avoid being long on TSLA. If 687 breaks, TSLA is likely to test the mid 550s next.

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