TSLA - sliding with the broader market

With the main market moderately lower, Tesla (TSLA) was similarly weak, settling -0.6% @ $245. Near term outlook is for continued weakness, with the giant 200 day MA a rather obvious target, which will be in the $220/215 zone across October.


TSLA, daily

Summary

Suffice to say...TSLA remains a somewhat weak momo stock... and will probably remain weak ahead of Q3 earnings. If the numbers come in okay... TSLA will surely rebound back.. and break new highs.
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*as ever, I have no interest in trading the momo stocks, but they remain rather entertaining to watch, and can be good pre-cursor warnings of weakness in the broader market.