Tesla may fall to 135.60 - 150.40

Our pivot point is at 221.2.

Our preference

The downside prevails as long as 221.2 is resistance.

Alternative scenario

Above 221.2, look for 246.9 and 262.1.

Comment

The RSI is below its neutrality area at 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 225.0745 and 210.5472).

Supports and resistances

262.1 **

246.9 *

221.2 **

210.9

200 (USD-last)

165.5

150.4 **

135.6 *

120.8 **

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