$TSLA The Flying Car Is Flashy, but $350 Is What Matters
Even a flying car that can do a kickflip hasn’t stopped $Tesla Motors(TSLA)$ from sliding again today.
📉 The chart is sending a different message.
The 1-hour change of structure has formed another lower high, and price is now reaching our downside target. Momentum remains fragile.
⚠️ $350 is the critical level.
Tesla needs to hold $350 through the rest of October. Lose that support, and the risk of a cascading selloff toward $290 increases significantly.
The technology may be exciting, but the stock still has to prove itself on the chart.
Watch $350. Hold it, and the bulls have a chance. Lose it, and the downside opens up. 🎯
Markets are always moving - and sometimes, the best move is knowing what works for you.
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