The Trust Layer for Market Analysts

Tesla's price action shows a descending channel. The short-term outlook suggests a potential bounce from the channel bottom around $338.27, with targets at $389.39-$390.12 within 2-3 weeks. A break below $334.87 would signal a bearish continuation with a target of $299.29 within 2-3 weeks. Alternatively, a short-term swing trade is suggested by selling at $366.54 and holding for a return to $338.27, with a stop loss above $366.54. Long-term, a rally to $432.90 and potentially $530s is considered, but a breach of the $338.27 support level would invalidate the bullish scenario.