Tesla may fall to 209.70 - 213.30

Pivot

223.40

Our preference

Short positions below 223.40 with targets at 213.30 & 209.70 in extension.

Alternative scenario

Above 223.40 look for further upside with 232.40 & 238.50 as targets.

Comment

The upward potential is likely to be limited by the resistance at 223.40.

Supports and resistances

238.50

232.40

223.40

220.62 Last

213.30

209.70

206.00

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