$Tesla Motors(TSLA)$
The current trend is bearish and I don't see any sign of reversal. Since breaking below 200SMA in the weeklies it's price action are showing some sign of sharp selling down. In my post last week when TSLA is at 150 region, I posted it may likely test 120 region I didn't expect that to happen within a week. This magnitude of sell down surprised me a little given that now is usually the festive season where the major players are taking the rest of the year off and I expect lesser selling pressure. Well it happen when one least expected [Helpless]
From the chart, there isn't any major support other than there's a small gap between 80-85 waiting to be filled. Coincidentally it coincides with the monthly 150SMA sitting at 85. This looks like an attractive buy point so let's see.
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Absolutely not