TSLA Continues to be Technically Challenged

As I see Tesla Motors, Inc. (TSLA) from a techincal perspective, it is navigating between two critical levels: 225-229 on the high side vs 185-177 on the low side.

Whichever side of the range is breeched and sustained should a powerful move $25-$30 in the direction of the break.

The fact that TSLA has broke --and is trading-- beneath both its 50- and 200-day EMA tilts the scales in favor of downside follow-through to 150-140 thereafter.

Only a climb above 225.50 will compromise the current negative technical set-up.


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