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Is Tesla testing support?
From a short-term perspective, it is a significant decline from the peak, down 18%. Below the 20-day moving average, below 0.236 fibonacci. More significant support is the 50-day moving average, the 0.382 fibonacci and the 360 price level. In terms of the turnaround, it would be positive if the bullish trend channel were to exit and the MACD were to give a buy signal.
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