Tesla at Key Support

By | July 7, 2014

Tesla (TSLA) has traded very quickly this month back down to an intersection of trend line support and the 50% retracement level of its February high and May low. The decline has taken the RSI below its centerline, the MacD is making a bearish crossover, and Chaikin Money Flow is negative. This is an important technical level for the stock to maintain, or it could see a further move down to the 200 day moving average.

33.RVT TSLA daily chart

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