TSLA: Trading at a Critical Support Line.

• TSLA crashed after earnings, but it seems it wants to stabilize around the 163 support line;
• So far, TSLA has been moving with technical precision, as we already discussed this bearish scenario in our previous analysis (link below this post, as usual);
• Now, in the daily chart, TSLA just hit its technical support at 163. So far, there’s no bullish reaction indicating that it is doing a bottom sign – but this could change very soon;
• If TSLA loses the 163, then it’ll probably try to fill the gap at 146 in sequence.


• In the weekly chart, the situation is critical, as TSLA is on the verge of triggering a Descending Triangle chart pattern downwards;
• What’s more, the last two candlesticks hit the 21 ema as a resistance as well. This reinforces our idea that it could hit 146;
• In order to avoid this bearish scenario, TSLA would need to react as soon as possible, and trigger an extremely powerful bullish reversal pattern – so far, there’s no such sign;
• I’ll keep you guys updated on this, as usual.

I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.