Technical Analysis and Outlook
Tesla bears are in total control of this stock since August 7. The Mean Resistance was a major culprit signaling that constant lower prices are driving this stock downwards. The interim possibility by revisiting Mean Resistance $275.90 might be in play. If the stock extends the ascend by closing above Mean Resistance $275.90, this would confirm that a short-term bullishness has been positioned.
For the bears, the first support is currently well-established Key Support printed at $250.50, the second crossing is Yearly Low $244.60 and inner Stock Dip $230.60, while outer Stock Dip $213 resting below.
Tesla bears are in total control of this stock since August 7. The Mean Resistance was a major culprit signaling that constant lower prices are driving this stock downwards. The interim possibility by revisiting Mean Resistance $275.90 might be in play. If the stock extends the ascend by closing above Mean Resistance $275.90, this would confirm that a short-term bullishness has been positioned.
For the bears, the first support is currently well-established Key Support printed at $250.50, the second crossing is Yearly Low $244.60 and inner Stock Dip $230.60, while outer Stock Dip $213 resting below.