The Support Was Tested After Sharp Decline — TradingView News
TSLA Technical Analysis: Crucial Support Zone Tested After Sharp Decline
Tesla (TSLA) shares have seen substantial volatility recently, experiencing a sharp decline, notably falling over 14% on Thursday alone. This significant drop erased approximately $152 billion from the company’s market capitalization, marking an intense sell-off session highlighted by record-setting options trading volume.
TSLA technical analysis on the 4h stock price chart
Key Levels and Technical Insights:
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Critical Support Zone:
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Tesla stock was currently testing a significant support area between $274 and $280.
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This region has historically acted as a robust demand zone, presenting potential buying opportunities if the support holds.
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But profit takers may be waiting at…
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