NMS Investment Research

  Tesla stock broke below t he price target of $288.39 for a descending triangle chart pattern breakdown on February 5 . The stock is threatening to break the downtrend channel to the downside. Be aware that Tesla bulls could step in and try to take the stock back up above its $1T valuation in anticipation of the release of the "PLASTIC" CyberCab in June. The next support level is ~ $260. More selling pressure could continue as t he "head-and-shoulders" chart pattern has emerged with the price target of $194.81. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update !

  Tesla stock took a nose dive , down over 8% for the day and wiping out the post election surge, after Bloomberg reported that Tesla's January EV sales in Europe plunged 45% Y-O-Y . From a technical viewpoint, Tesla stock's downtrend is still intact with t he price target of $288.39 after a descending triangle chart pattern breakdown on February 5 . The stock broke below its 200-day EMA intraday and could be heading down to test the $288.39 level this week. Beware of the bearish "lower-lows" chart pattern as well as the emerging "head-and-shoulders" chart pattern!!!!! This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

  Tesla stock is under selling pressure after BYD announced on Tuesday that the company will offer its free automated driver assistance system (ADAS) in China on their 21 models. It looks like the smart money is moving out of $TSLA into BYD (OTCPK:BYDDF). BYD stock has already been up 46.27% YTD while $TSLA is down 16.44%. From a technical viewpoint, Tesla stock's downtrend is still intact with t he price target of $288.39 after a descending triangle chart pattern breakdown on February 5 . Keep an eye on the trendline support ~ $314. A breakdown could mean that Tesla stock's post election surge has completely evaporated. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update !

  Tesla stock bounced off its support at ~ $327.50 on Wednesday after Benchmark upgraded the stock to a buy with a price target of $475, citing growth prospects via self-driving EVs, robotics, and energy generation/storage. From a technical viewpoint, Tesla stock's downtrend is still intact with t he price target of $288.39 after a descending triangle chart pattern breakdown on February 5 . Be aware that the bulls will try to break the stock's downtrend and could take the stock up to retest the trendline resistance ~ $370. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

Tesla stock broke the key support level at $377.42 of a descending triangle chart pattern after a Reuters report sa id that Tesla 's China sales dropped 11% in January while Tesla sales in Germany plunged almost 60% . The price target in a descending triangle breakdown is $ 288.39 . If the $288.39 level can't hold, $TSLA could head down further to retest the November 6, 2024 breakout at $273.54. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

  Tesla stock broke the key support level at $377.42 of a descending triangle chart pattern after a Reuters report sa id that Tesla 's China sales dropped 11% in January while Tesla sales in Germany plunged almost 60% . The price target in a descending triangle breakdown is $300.35 , or $1T market cap. If the $300.35 level can't hold, $TSLA could head down further to retest the November 6, 2024 breakout at $273.54. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update!