TSLA seems to be forming a local bottom before moving higher. The current blue path was projected over 3 weeks ago and is still intact.
Based on the daily and weekly candles, the chances of a move upwards are higher at this point.
If TSLA forms strong bullish candles on Monday/Tuesday, expect a rally towards $1170-1220 in the next few weeks/months.
This quick update is a part of the Weekly Series – US and global indices, Cryptocurrencies, Commodities, Currency, and Large Cap stocks – that can be viewed here.