What does the weekly chart tell us about Tesla?

My default chart for swing trading is the daily chart, but often it pays to take a step back and look at the weekly.  While the weekly chart will not give you a precise entry level, it does signal powerful clues about the stocks trend.

Tesla recently pulled back 100 points from it's $290 high earlier this year.  Now on the weekly chart a hammer candle formation has formed.  Hammer candles often

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