Tesla ST : target 271.20

Our pivot point is at 346.12.

Our preference: target 271.20

Alternative scenario: above 346.12, look for 372.27 and 387.83.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (323.89) but above its 50 period moving average (312.17).

Supports and resistances:

387.83 **

372.27 *

346.12 **

335.85

317.66 USD - last

286.33

271.20 **