Tesla shares have gained ground the past two sessions after a five-day losing streak during which the stock lost 18% of its value. Monitor these important chart levels.

Tesla shares edged higher in early Friday trading as investors looked to claw back some of the losses tied to its disappointing delivery figures while adjusting to price target changes from analysts on Wall Street.

The shares dropped more than 6% to start a new year of trading after the company reported weaker-than-expected fourth-quarter deliveries.

Wall Street analyst Gordon Johnson, an analyst at GLJ Research, has made a huge bearish prediction about Tesla’s stock. Johnson cited several issues in his warning that the stock could experience huge losses this year.

The good news is that in China, Tesla’s largest overseas market where EV competition is particularly intense, sales are still growing. The company said today its EV delivery in China rose 8.8 percent last year to a record high of more than 657,