Tesla: Expected To Further Decline Towards The Psychological Support Level

Today’s instrument is the Tesla Inc. stock traded on the NASDAQ exchange under the ticker TSLA

Looking at the TSLA chart, we can see that after the announcement of its quarterly results on the 19th of October, it started its downtrend toward the current level of around $204.10. Because Musk is under the scrutiny of the US government, we could expect today a further decline in the price of Tesla towards the psychological support level of around $200.

(Click on image to enlarge)

Tesla Inc.


More By This Author:

GBPUSD: Can Be Seen Rising Towards Its Resistance Level At Approximately 1.1350
Procter & Gamble: Expected To Test Resistance Level At Around $132
XAUUSD: Could Potentially Climb Towards Its Resistance Level

Disclaimer: Trading is risky. Information presented herein is not to be construed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any trading ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with