Shares of Elon Musk’s Tesla (TSLA) have had a rough two weeks, falling more than 12% since last Tuesday.  The stock dipped back below the $200/share mark today.  Below is a long-term trading range chart for TSLA going back to early 2013.  What we’re highlighting here are two “lower tops” that have been made since the stock’s all-time high was reached back in mid-2014.  It’s been two years now since Tesla’s stock price peaked at $291.42 on 9/4/14, and multiple resistance levels will now act as barriers to eventually getting back there.

tesla

 

Print Friendly, PDF & Email