Tesla may fall to 135.60 - 150.40

Our pivot point stands at 221.2.

Our preference

The downside prevails as long as 221.2 is resistance.

Alternative scenario

The upside breakout of 221.2 would call for 246.9 and 262.1.

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 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.