has yet to find any bullish
movement and media continues to push down the stock with false rumors of Tesla's autopilot causing the latest Texas crash. Tesla
looks too fall towards the long term trend line
(green) that has formed for over a year. There has been several bounce off this level and shows good sign of support.
Be on the look out though for a weekly close below the trend line
, that would mean an end of the bullish
cycle for Tesla
and $500-450 would be incoming.
A bounce off the trend line
and weekly close above would show good support and continued signs of upwards movement.