TSLA was down over we $30 after the open on a recall headline. It took about an hour for the market to erase that entire loss. How do you spell resilience? As the TSLA hourly chart below illustrates, price now has a nicely forming corrective channel, just waiting to be broken to the upside, about $1,100. Underneath, support comes in at $1,030 and $975. A break below $950 is another gift. I'll post my new calls if and when it occurs. TSLA Short-Term TSLA Price Targets Above $1,100 The market is open tomorrow (Dec 31), but don't expect anything of import happening until next week. If this is my last post of 2021, my best wishes for a happy and prosperous new year. The expectation is for 2022 to be a tipping point for the electrification of global transportation, with shares and calls to ride along.
