Tesla is having about every kind of technical breakdown on its chart that's possible. It's looking bad!

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Sean Hyman
Sean Hyman


Its broken below its black support zone. It's broken below its moving averages. Its 50-day moving average has crossed below its 200-day moving average (forming a "death cross"). It's putting in lower highs and lower lows. It's selling volume is spiking and its RSI and MACD readings continue to go lower, which is bearish.