Olu
Short

Tesla: Looking Lower

NASDAQ:TSLA   TESLA INC
Comments on the chart
Comment: Good downmove yesterday and today. Still looking lower
Comment: The descent slowed today. Could be partly because price is running into support. I am still bearish but there is a gap on the chart that could be filled before more downside
Comment: More downside seen on Friday. Price is right on support now. If that gives way and I think it will 245 is the next significant level
Comment: Price gapped up today because of the China announcement and also new car releases info from Tesla today. Price still failed to crack and stay above the 290 area on the chart. It might be euphoria or it might not be. Barring a close above the resistance area I am still bearish Tesla
Comment: Price is pounding on the 275 support area. If you squint you might even say that price has closed below support. 244 might be calling
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