TSLA Heading to Major Support

Tesla’s stock price continues to fall as markets turns red and controversy surrounding Elon still looms. Look for a move to key support levels for a long entry. Final key support is at 220.

TESLA Heading to Major Support by EmpowerTrader on TradingView.com

Trade Step-ups:

Scenario One ( Bullish Reversal): Price rejects a bearish breakout from the bullish channel . Look for a move to the topside of the channel. Profit levels to look for are 300, 330 & 370.

Scenario Two ( Bearish Breakout): Price breaks bullish channel by consolidating below 220.

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