JonathanWard

Short Position with TSLA

NASDAQ:TSLA   Tesla
3
On the weekly technical, TSLA has been bearish since July 2015. Expect within the next two weeks that the price will continue to drop and reach a support line of ~$178 to ~$185. TSLA should rebound off of the support line with light volume. If volume is heavily bearish, it will continue down.

If prices rebound off of the aforementioned support line, expect ~$225 around the beginning of October 2016.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.