Tesla at key support level
Updated
Tesla stock is now breaking below a key support level set in 2021.
This looks to have set a multi year topping pattern and if this level fails then this could start to eat into gains by investors in 2020.
There is also the issue with the amount of Tesla shares used as collateral for Elon's personal liabilities, in this scenario he could become a forced seller adding to the selling pressure on the stock.
This looks to have set a multi year topping pattern and if this level fails then this could start to eat into gains by investors in 2020.
There is also the issue with the amount of Tesla shares used as collateral for Elon's personal liabilities, in this scenario he could become a forced seller adding to the selling pressure on the stock.
Note
Clear breakout, may see the sell off steepen from here
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.