Tesla may fall to 232.00 - 238.00

Pivot

250.00

Our preference

Short positions below 250.00 with targets at 238.00 & 232.00 in extension.

Alternative scenario

Above 250.00 look for further upside with 256.60 & 264.50 as targets.

Comment

As long as 250.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

264.50

256.60

250.00

245.19 Last

238.00

232.00

226.00

Number of asterisks represents the strength of support and resistance levels.