Tesla has been tracking a descending triangle (recently broke out of this pattern on a good earnings report.) With the price target at: $900.00 However, recent fears in the stock market and China's Evergrande debt is causing additional selling pressure.
Expect price to continue to tumble, however it should find support around $730-$725 (black line) with a low of $715-$710 (lower black line.)
*if price drops below $710-$700 expect a much larger decline in price (with possible support at $670...)
Related published Tesla ideas linked below:
Expect price to continue to tumble, however it should find support around $730-$725 (black line) with a low of $715-$710 (lower black line.)
*if price drops below $710-$700 expect a much larger decline in price (with possible support at $670...)
Related published Tesla ideas linked below: