TSLA Stuck in the middle! (but more bearish than bullish)TSLA has had some crazy moves recently between its down move from 360 to 245 and then back up to 310 (that is down 32% then back up 26.4%!!). TSLA is currently stuck in a range between 310 and 290 and an argument could be made for either direction going forward, however the current trend is down and TSLA has not been able to break the descending trend line from 2/27/18 and 3/12/18 yet.
On a break down a reasonable price target would be about near the bottom of the gap 3/27-28/18 and 3/27-28/17! (funny how same gap same day 1 year apart!). However moving down, below 245 there is major supply from the consolidation of years 2013-2017 which would make a move lower more difficult.
On a break out a reasonable price target would be about 320 at the 100 day moving average and the top of the gap from 11/1-2/2017.
