TSLA 1-2 Week Target: Bullish Bounce
$Tesla Motors(TSLA)$ Following the post-election euphoria and the bearish outlook shared with premium subscribers on December 21st, the stock entered a sell-off, breaching multiple support levels before finally attempting consolidation above $217, an annual level highlighted since January.
Notice the confluence with the lower edge of the current volume shelf, and recent price action suggests a likely breakout next week. If $247.1 holds, bullish momentum towards $279.9 is possible; however, a break below this level could trigger a bearish move towards $219.4.
Looking ahead one to two weeks, the $295-$303 range can be considered the bullish target for this bounce.
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