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$TSLA Trending Towards $180 Support Level

Written By: ChartChamp

October 30, 2023

TSLA had a strong rejection at the yellow resistance line, and has been dropping straight down several support levels over the past few weeks. The $240 orange support line was immediately lost, and TSLA just lost support at the $207.50 green support line. There is a lot of pessimistic news surrounding the sustainability of EVs, and TSLA had a poor earnings report that further hurt investor’s future outlook. The $180 light blue support level is the next key price to monitor for a potential bounce. There has been strong support here in the past.

TradingView Chart:
https://www.tradingview.com/chart/TSLA/LsxXNfya-TSLA-Trending-Towards-180-Support-Level/

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