Tesla Key Levels After the Robotaxi Sell-Off
Tesla Key Levels After the Robotaxi Sell-Off
Resistance is at $265-$270.
Support is at $200. This support is significant because it represents the neckline of an inverted head and shoulders pattern (a bullish reversal pattern) and aligns with the 200-day moving average (an important support level).
Tesla strong support at $200
Supported by upsloping trendline
$Tesla Motors(TSLA)$ TSLA is currently supported by an upsloping trendline and a 62% Fibonacci retracement level around $214.
At this moment, $Tesla Motors (TSLA)$ appears to be moving within a range, with stronger support in the $190-$200 zone.
DLCs for short-term trading:
It is also worth mentioning that if the price moves up now, it could close the gap created by the Robotaxi event. Technically, after the gap is closed, the price may resume its downward movement.
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