Watch These Tesla Stock Price Levels as Selloff Accelerates | Global News Avenue

Tesla (TSLA) Stocks fell sharply again on Tuesday, sending the EV maker’s stock to lose for the ninth consecutive week.

Stocks face increased sales pressure in recent weeks Can dent the Tesla brand and sales. one Fresh headlines The stock may have been weighed today, with Chinese electric car maker Byd unveiling ultra-fast chargers, and some Wall Street analysts offer doubts about Tesla stock.

Tesla shares in November’s election expect the company to benefit from Musk’s close ties with President Trump, which quickly rally, but has returned all of that gains. The stock fell 53% from its all-time high on December 17.

Below, we analyze technology On Tesla’s chart, and point out the main price levels that investors may track during the stock’s ongoing corrections.

The expansion of the decline

Tesla’s stock owns after the emergence in mid-December trend decline Expand formationSince then, prices have marked Patten’s upper and lower trend lines.

Recently, the stock has rebounded slightly from the lower trend line of the group, but has not gained since rise Traction.

In the Tesla Bulls’ small win Relative Strength Index (RSI) The recent breakthrough of December highs on the trendline may indicate an early change in price momentum, although the indicator remains close to Oversold level.

Let’s go to the charts of electric car manufacturers to discover professionals Support and resist A level worth monitoring.

Main support levels for viewing

Tesla shares fell 5.3% to close at a meeting on Tuesday at $225.31.

The lower level for the first viewing is around $190. Stocks can find purchase interest in nearby areas Horizontal line Connect a series peak On the chart between April and June, the region is also closely aligned with the early slots.

Sales below this level open the door for stock gliding to lower support at the $140 level. Bargaining hunters can watch Accumulated stocks At this position, the stock was outstanding in 2024 lows last April.

Key resistance levels

Once the move is higher, investors should initially watch the $265 level. Prices may be sold in the region near peak developments in July, September and October last year.

Finally, decisive close-range over this level may increase to around $360. Investors may want to unload Tesla shares in the region near Twin Peaks in November and Twin Peaks last month Counter-trend High. The area is also close to 50% Fibonacci Rebate Levelbring the grid from December high to March lows.

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