- Ryan Mallory
Tesla Stock Analysis: The Technical Picture
Tesla (TSLA) reported earnings last night and while it was received well initially, the Tesla stock price today is getting hammered as traders woke up to a totally different situation this morning. Tesla shares sold off by by the biggest amount that we have seen since the massive rally started in the stock back in December of last year.
I'm not focusing on the fundamental story behind TSA's reason to buy or sell, because I am a technical guy and I find that the charts tell a far bigger story here.
Notice in the chart below the key declining support that this mornings sell-off tested and held: