TSLA is back in its previous channel

9 Feb 2022

Having broken out of the narrow channel that Tesla traded within from May to October 2021, it has now returned to those same pre-established levels. Currently a beak above $950 is needed to get above the top of this channel. The upward slope of this channel should see it approach $1,000 by the end of March 2022. I have also drawn higher resistance levels that the stock has observed during previous break-outs from this channel.