Technical Overview: - Support Levels: Immediate support at $164 (61.8% Fibonacci retracement). Further support around $100.
- Resistance Levels: Primary resistance near $260 (38.2% Fibonacci retracement).
- Moving Averages: The daily 50MA is currently above the price, indicating a bearish sentiment.
- Volume Analysis: Volume is relatively stable, but a decrease could indicate further bearish movement.
Outlook: Tesla is currently within a descending channel, showing bearish tendencies. A breakdown below the $164 support could target $100.
Conclusion: TSLA current bearish trend suggests a potential move down to $100, with key support at $164. Watch for volume changes and price action at these levels.