Watch These Tesla Price Levels as Stock Drops Following 4 Weeks of Gains
Key Takeaways
- Tesla shares lost ground to start the week after posting gains in each of the previous four weeks, a period during which the stock rose 45%.
- The stock continued trending higher after breaking out above the neckline of a triple bottom pattern earlier this month, through the price has consolidated in recent trading sessions.
- Investors should monitor key support levels on Tesla’s chart around $289 and $271, while also watching important resistance levels near $430 and $489.
Tesla (TSLA) shares fell on Monday, a sluggish start to the week for a stock that had posted gains in each of the previous four weeks.
The downturn to start this week came as technology conglomerate Xiaomi announced that its new electric YU7 SUV will…
