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Technical Breaks, Ideas and Insights – TESLA Inc on Crucial Support Levels

TESLA has fallen a massive 74% from November 2021 to the most recent low of $102.00.
TESLA is currently testing two crucial support lines at $112.00 which needs to hold to prevent a further selloff towards the support level at $93.00.
The share is sitting at the breakout point of a sizable triangle formation which could go either way.
Based on the excessive oversold position of the share it could potentially make a short-term rally towards the $165.00 to $186.00 level, in our view.
This report provides a technical analysis of TESLA Inc.