After hitting an ATH 
TSLA has lost the momentum. In this blog space we already propagated the idea that there is some more downside until the reaches the 200 Day SMA. We see that TSLA stock has lost the 20 Day, 50 Day and 100 Day SMA and the next stops are the 200-Day @ 276 $.
But if we look at the Fib Retracement then the levels @ 0.618 with price 273 $ and the Fib level @ 0.786 with a price 215 $ are the key support level. If it reverts back to the 0.786 Fib level then it will loose all its election related gains.
But in contrast S&P 500 and NASADAQ100 are consolidating and not breaking down as $TSLY. So, we might seeTSLA underperforming the 
QQQ over the next few weeks.
Long
TSLY between 250 $ and 200 $.
TSLA has lost the momentum. In this blog space we already propagated the idea that there is some more downside until the reaches the 200 Day SMA. We see that TSLA stock has lost the 20 Day, 50 Day and 100 Day SMA and the next stops are the 200-Day @ 276 $.But if we look at the Fib Retracement then the levels @ 0.618 with price 273 $ and the Fib level @ 0.786 with a price 215 $ are the key support level. If it reverts back to the 0.786 Fib level then it will loose all its election related gains.
But in contrast S&P 500 and NASADAQ100 are consolidating and not breaking down as $TSLY. So, we might see
TSLA underperforming the QQQ over the next few weeks. Long
TSLY between 250 $ and 200 $. 
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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.