Tesla returns lower - Analysis - 28-11-2022

Tesla's stock (TSLA) returned lower in the intraday levels after a recall of 80 thousand cars in China, while others reported noted that the full self-driving beta is now available in Tesla cars for everyone in North America, with the stock only dipping 0.19%, or 34 cents, settling at 182.86, with trading volumes surpassing 50.6 million shares, below 10-day averages of 83.6 million shares. 

Technically, the main downward trend dominates the stock in the medium and short terms, with negative pressure from the 50-day SMA, piercing the pivotal support of 177.63.

Therefore we expect more losses for the stock, targeting the support of 141.80, provided the initial support of 177.63 was breached. 

Expected trend for today: Bearish