Tesla has dipped below the trendline support on the 4 hourly. Key support now sits at $185.43.

From a technical viewpoint, Tesla’s stock is currently trading at around $191.08 a share. Looking at the 4-hourly timeframe, we can see that the support along the white trendline ($193.63) has been broken, and the next key support level now sits at $185.43 (green trendline). A break and close below the green trendline may see the price slide further towards the $175-$180 region. If the stock consolidates in this gap between $185-$192, we could see a move higher with resistance now sitting at $193.99 followed by a tough level at $198.73. The MACD is has turned fairly negative and the RSI is also negative as it reads 43.