Tesla TSLA Technical
TSLA has been getting hammered past week, it is down almost -15% from $180 to $169
What do I see on the technical side?
- Reached new lows
- Strong support at 170.00
- If support breaks we are coming towards 166.00
- We SHOULD see a retracement towards $188
- We are forming a double bottom which is great news
- Fib retracement should hold at 0.5 at least to 0.618
Do you agree we will retrace to Fib level 0.618?
TSLA has been getting hammered past week, it is down almost -15% from $180 to $169
What do I see on the technical side?
- Reached new lows
- Strong support at 170.00
- If support breaks we are coming towards 166.00
- We SHOULD see a retracement towards $188
- We are forming a double bottom which is great news
- Fib retracement should hold at 0.5 at least to 0.618
Do you agree we will retrace to Fib level 0.618?