Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Global Head of Trader Strategy
Technical Analyst, Saxo Bank
Tesla seems to be trading in a wide falling channel - see weekly chart. Weekly RSI is negative since it hasn’t managed close above 60 after being below 40 in earlier this year.
If Tesla closes below key support at 206.86 there is support at 180.40
To reverse this bearish picture Tesla must close above 314.67.