TSLA shares have been in trouble for a while now. They peaked near $388 at the end of June and completed a double top as a retest confirmed resistance there in September. More troubling, the second peak of the double top coincided with the head of a head and shoulders top.
Yesterday the shares were trading near $320. Initial support could appear in the $306 to $308 range where a recent low converges with a 38% Fibonacci retracement, then the $300 round number. Should those areas fail to hold, it would signal a deeper downturn starting with next potential support near $290 then $283, a 50% retracement of the previous uptrend.
Yesterday the shares were trading near $320. Initial support could appear in the $306 to $308 range where a recent low converges with a 38% Fibonacci retracement, then the $300 round number. Should those areas fail to hold, it would signal a deeper downturn starting with next potential support near $290 then $283, a 50% retracement of the previous uptrend.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.