Tesla may fall to 144.50 - 159.70

Our pivot point stands at 237.3.

Our preference

Under pressure below 237.3.

Alternative scenario

Above 237.3, look for 264.5 and 280.5.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the share stands below its 20 and 50 day moving average (respectively at 238.958 and 208.4652).

Supports and resistances

280.5 **

264.5 *

237.3 **

226.7

207.67 (USD-last)

175.1

159.7 **

144.5 *

129 **

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