Tesla Is Weaving in Its Lane: Chart of the Day


Tesla has been on anything but autopilot since peaking above $1,240 in early November. The EV giant first made a lower high near $1,200, followed by a lower low under $900 yesterday.

Taking a step back, the price action is starting to resemble a downward channel. This could be interesting because it could potentially turn into a bullish flag. However it will take time to know that.

In the meantime, what do we know? First is the falling trendline at …

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Tesla (TSLA), chart with selected patterns and indicators, courtesy of TradingView.
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