$TSLA - BULLISH FIB Extension $504.51 and $753.38

TSLA is trading at a potential bullish double bottom which could bounce off its 4 year support level around the mid $160s. If it bounces on the weekly, look for a continued bull trend. By applying a Fib extension, look for a price objective potential of hitting $504.51 and $753.38 in the foreseeable future from a technical setup. $Tesla(TSLA.US)$ is currently in a 4 year consolidation period, watch for a breakout to all time highs if it takes out the $260s after a potential double bottom reversal.