Could we see a drop soon?

As we saw $695 on the TSLA chart a few days ago, a S&P 500 inclusion has helped develop a new uptrend channel for TSLA.
While we have seen this channel hold so far, we have a couple catalysts on the horizon specifically Q4 delivery numbers and stimulus boost.
For this channel to hold TSLA must remain above $630. A drop below and we could see as low as $540. Considering the current price action to be weak, TSLA also has a history of consolidation and breakout patterns over the last couple months. That being said TSLA just broke out to new highs last week and could see a drop before more consolidation.
Keep an eye out for the near term support and look out for more news.
TSLA is a stock that has defied technical analysis before and could do it again. But if looked at closely, both sides can be played very well.
Trade responsibly!