Tesla has been white hot this year, influencing the Nasdaq and broad markets in a positive way. The rally took Tesla to a key Fibonacci level of late, where it stopped on a dime and headed south fast. Below looks at this key Fibonacci extension level and how it is testing another important level at weeks end below CLICK ON CHART TO ENLARGE The Power of the Pattern applied Fibonacci to the high in 2014 and the low in 2016 at each (1). The 161% extension level of these highs and lows at (1) came into play at the 387 level at (2), where TSLA stopped on a dime. Joe Friday Just The Facts– Tesla is testing rising channel support at (3), after a 100% rally in less than a year. What it does at the rising support test at (3), should be very important for this hot stock and should influence tech and the broad market! This information is coming to you from Kimble Charting Solutions. This is the home of the Power of the Pattern where we provide concise, timely and actionable chart pattern analysis and commentary so in very little time you know the pattern at hand and action to take. We are honored by your interest in our chart pattern analysis. Send us an email if you would like to see sample reports or a trial period to test drive our Premium or Weekly Research Website: KIMBLECHARTINGSOLUTIONS.COM Blog: KIMBLECHARTINGSOLUTIONS.COM/BLOG Questions: Email services@kimblechartingsolutions.com or call us toll free 877-721-7217 international 714-941-9381