(Update) TSLA

Tesla (TSLA) closed below $223 and reached the $207.67 support last week, as correctly anticipated on 9 October 2022’s commentary. Based on this latest price action, Tesla could extend this downtrend if it stays below $207.67. Its EMA10-EMA20 and MACD deadly crosses also suggest further downside potential. Latest support is the June 2021 low of $190.41. However, a daily close above $247.15 could propel prices towards the $267 resistance.