Tesla - Going Back Under $200?


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Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

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''Tesla Motors (NASDAQ: TSLA) shares are trading lower by $1.70 at $205.00 in Friday's session. After maintaining a tight trading range ($205.50 to $209.59) over the last three trading sessions, it is attempting to breach the lower-end of the range.After all the tweets from Elon Musk and positive announcements from the company regarding increased sales, it has not been able to reach its February high ($218.20), stalling out way ahead of that level on April 13 at $213.In today's session, it was not able to recover from a lower open (Thursday's close of $206.70 vs. Friday's open of $204.99), finding resistance just above the close at $206.84. So far the decline, has found intraday support in the area of a pair of closes from April 6 ($203,10) and April 7 ($203.25), only reaching $203.50 before rebounding.It has not closed below the psychological support level of $200 since April 2, when it ended the session at $191,

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: TechnicalsIntraday UpdateMoversTrading Ideas