The 180 level on TSLA has been support for nearly two years now. With the 200W EMA broken today bulls seem to have lost their hold on this one. Outside of the Covid lows the 200W EMA has not been broken since TSLA broke out in October of 2019. Below the $180 mark opens the door for a gap fill and a retest of the 200W SMA in the mid 160's.
Trade closed: target reached
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TSLA broke down through the 180 level and is a whisper away from that 167.6 level identified. Looking for some sort of support soon or a flush to the 200W SMA.