A beautiful chart of Tesla’s stock riding its respected support lines over a long period of time – 2 years and four months – got stained today.
After managing Tesla’s heavy weight at the end of last month (“It’s Clear Now, TSLA Kept Respecting Its Long Term SMAs“), the long term 227-day SMA (body) and the 239-day SMA (wick) support lines surrendered.
TSLA fiercely broke below.
Here’s the stock on a daily chart, following by a zoom in view:
