Tesla falling back to reality

Updated

Tesla has lost several key support lines this year and now is making a serious move to the downside. IMO, it still has a way to fall before it finds solid support.

Daily chart

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Note

A few more possible trend lines

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And the selling continues

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Trend line that paused the fall

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New lower low today.

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Bounced off 1.618 fib extension. Should see some stabilization here.

snapshot

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