Tesla

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TeslaTesla, Inc.BATS:TSLATSuthPrice finally made it down into the target box last Friday and already bounced higher moving back out of the box. Rather we make another low towards the 1.382 remains to be seen. If we have bottomed in what I am calling minor A, then we should move higher to the $440-$450 area next. There also remains the possibility that we get another high if intermediate (B) is yet to complete. Currently price is moving down in the overnights. If we can get some more data pointing higher, though, I will begin tracking that move with fibs. Until then, there remains the very real possibility that we get another low.