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$TSLA Just Broke A Major Support, Here Is Where It Is Headed

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

Shares of Tesla Inc (NASDAQ:TSLA) just broke major support on the daily chart. Note the trend line in the chart below. This breakdown could cause the stock to fall sharply in the coming months, potentially hitting $280 support before any significant bottom is put in. Tesla Inc has a cult following and most investors are lifers, but the chart tells the future more often than not and this breakdown should make investors very nervous on Tesla Inc.

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Stock market chart breakdown on shares of Tesla Inc


This article was written by ST G for on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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