After falling out of a steep channel (break down at the (450 level) and then crossing a long-term, second uptrending support line(440 level), Tesla has finally bounced at its third support line (320 level). The RSI just bounced at the support line and is soon going to meet resistance, so the RSI should breakout soon. For those looking for a short-term call, you might want to consider taking an entry if the the price hits yesterday’s low (343.50), set a stop loss for today’s high (around 368), and take profits at the opening level of two days ago (400.)
