Tesla Tests 200 Day Moving Average
Tesla (TSLA) is testing its 200 day (40 week) moving average again this week, as it has done several times over the last year. This is the second weekly test this month and there were two in October, but the key average continues to support the stock price. These recent tests could be a warning sign, however, along with the continued MacD divergence, and the drop in volume. The strength of the zone of support between the 200 day average and the $220.00 level, could determine the intermediate term direction of the stock price.