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Tesla Inc (TSLA) “On a long-term technical basis, the stock (TSLA) is trading above its 200-day moving average which generally implies it is in a positive trend. However, the stock has recently broken down through an important fibonacci fan trendline at 892.35 suggesting the next support level is at 755.76. This weakness suggests the long-term uptrend is turning neutral.
The stock has support at 755.76 and 683.04. If the stock breaks down through support at 755.76 then it will probably continue lower to 683.04. The stock will meet resistance at 843.29 and 892.35. If the stock breaks up through resistance at 843.29 then it will probably continue higher to 892.35. The 200-day moving average is at 476.40. This will also act as support. The stock is slightly overbought according to the Stochastic Indicator (73.71).”
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