Tesla may fall to 164.90 - 177.30

Our pivot point stands at 240.3.

Our preference

Under pressure below 240.3.

Alternative scenario

The upside breakout of 240.3 would call for 262 and 274.9.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 244.117 and 225.306). Finally, Tesla has penetrated its lower daily Bollinger band (219.53).

Supports and resistances

274.9 **

262 *

240.3 **

231.8

217.8 (USD-last)

189.5

177.3 **

164.9 *

152.4 **

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