TSLA is following well established, upward sloping, channel

This chart shows a channel that has upper and lower bounds being respected by TSLA for several months now. Even though the stock seems to be erratic in its price moves, such trendlines show a structure to the price action that has been established and can be used to take short-term swing trades off.

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This is the strongest push we have seen against the upper trend line since early July. A break above this level should take the stock to the $900 level and possibly to $1000 where the highest trendline is currently projecting.