Tesla may fall to 170.30 - 182.60

239.1 is our pivot point.

Our preference

The downside prevails as long as 239.1 is resistance.

Alternative scenario

Above 239.1, look for 259.8 and 272.3.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 243.0275 and 226.3634).

Supports and resistances

272.3 **

259.8 *

239.1 **

231.1

221.33 (USD-last)

194.6

182.6 **

170.3 *

158.3 **

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