Skip to main content

Market Overview

Technical Analyst Anne-Marie Baiynd On Tesla: 'It Is In A Natural And Mechanical Retrace'


Speaking to Benzinga about recent volatility in shares of Tesla Motors Inc (NASDAQ: TSLA), technical analyst Anne-Marie Baiynd said that when stocks roll over, the stocks chop around for a bit before going into support.

“The psychology with Tesla is that people always feel left out. So, as the chart is rolling over, people misinterpret the pullback as a good buy point to double down or get long,” she said. “Then, all of the sudden, they’re trapped.”

Baiynd said that $192 may be support, but if the market weakens, people may take more profit.

Tesla traded down 3 percent down for the day.

Other automakers are trading lower as well, as General Motors Company (NYSE: GM) and Ford Motor Company (NYSE: F) were both down about 1 percent.


Related Articles (TSLA)

View Comments and Join the Discussion!

Posted-In: Anne-Marie Baiynd auto Ford General MotorsAnalyst Color Technicals Exclusives Trading Ideas

Latest Ratings

KEYCredit SuisseMaintains34.0
WENMorgan StanleyMaintains24.0
AMWLCredit SuisseMaintains17.5
TENMorgan StanleyMaintains7.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at