Tesla - Going Back Under $200?

'' Tesla Motors

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,