Below is a 2-Day bar chart for TSLA. The current bar opened today at $338.90 and is currently above $340, headed toward trend channel resistance around $350-355. Above that, $500 looms: TSLA 2-Day Needless to say, a breakout above $355 will make $500 by the end of the year an easily doable target. The previous bar on the chart opened last Thursday at $322 and closed Friday at $340. Any future close below about $320 will muddy the bullish case. In other words, any close below $320 is bearish, but any close above $355 is bullish, very bullish. So bullish in fact that at least in this PRO Service, a break above $355 and we may want to add additional calls for a shorter-term bet. One last observation: The lower trend channel line coming across from early July, currently around $290 and is our line in the sand for the intermediate term. Should price break down below this level could send price down $100 in short order. On the bullish front, a close above $500 and we party like its 2020-2021 all over again. For newcomers, our TSLA Jan 2021 calls were up over 10,000% between entry on December, 9, 2019 and expiration in Jan 15, 2021.
