Tesla may fall to 177.80 - 188.10

Our pivot point is at 236.1.

Our preference

The downside prevails as long as 236.1 is resistance.

Alternative scenario

The upside breakout of 236.1 would call for 253.8 and 264.3.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 240.9985 and 227.3832).

Supports and resistances

264.3 **

253.8 *

236.1 **

229.2

220.7 (USD-last)

198.6

188.1 **

177.8 *

167.5 **

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