Description
⋅ TSLA has gone through a significant sell off recently from its high of 200. After breaking below its support line its has recovered some.
- This does not appear to be a false breakout down as the stock has failed to recover enough to be above the resistance.
- We should expect it to bounce off the resistance level and sell off some more.
- Overall I remain bearish for the next month or so as the stock market starts its decent and Tesla is sensitive to market cycles