$TSLA wan't able to break the all time high level at 292, and since then it has been doing swings between 182 and 286 in a shrinking consolidating range around the 50% retracement of the range which is around 237.
It stopped trending, which means this market is undecided about keep on fueling the dream. Currently the Bears are in control and there is no sign of reversal unless there is a close above the 13, 21 Daily Moving Averages.
238 seems to be a support point where it has found some stubborn capital that is still there. Above that point it has been just short term trading. So unless the consolidating range is broken to either side, we'll have still interesting swings around 238.
It stopped trending, which means this market is undecided about keep on fueling the dream. Currently the Bears are in control and there is no sign of reversal unless there is a close above the 13, 21 Daily Moving Averages.
238 seems to be a support point where it has found some stubborn capital that is still there. Above that point it has been just short term trading. So unless the consolidating range is broken to either side, we'll have still interesting swings around 238.