Tesla may fall to 155.70 - 170.50

Our pivot point is at 242.5.

Our preference

Target 170.5.

Alternative scenario

Above 242.5, look for 268.5 and 283.9.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (240.2375) but above its 50 day moving average (203.9956).

Supports and resistances

283.9 **

268.5 *

242.5 **

232.5

219.8 (USD-last)

185.6

170.5 **

155.7 *

140.8 **

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