From the weekly chart, we can see Tesla share price has broken down from the important support level 1 at 166.36. Now, we are witnessing another breakdown at support level 2 at 110.44. Yesterday, it was one of the few shares in the US indices that rose (see day chart). So, we might see a bit of rebound from here and then I expect it to go further south towards 64.33.
At support level 2, it has broke down more than 70% from its peak at 412 dollars to current level of 100+ , a more than 300 dollars per share loss !!!
I would advise to stay away from this counter for the time being.
At support level 2, it has broke down more than 70% from its peak at 412 dollars to current level of 100+ , a more than 300 dollars per share loss !!!
I would advise to stay away from this counter for the time being.
Comment:
www.cnbc.com/2023/01...duction-numbers.html
Comment:
looks like its recent earnings has found interest in the buyers and the price went up strongly last night !