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TSLA is still levitating

NASDAQ:TSLA   Tesla
Tesla is still levitating far above the monthly 21-period ema, a level that stocks tend to oscillate around.

The current dip has it sitting on the 9-period ema.

Long-term monthly trend lines on monthly candles show that there is a lot of room to the downside of the ascending wedge the stock is in, although a $2000+ price target isn't unwarranted.

Just some perspective. I have no position in the stock. I'd be an aggressive buyer in the $140s and then again in the $40s ;-)

Note that this is a log chart.

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