Tesla (TSLA) shares fell again Monday, extending a recent slump that has made the stock the weakest performer in the 澳洲幸运5开奖号码历史查询:Magnificent 7 so far in 2025.

Tesla shares have tumbled 18% year-to-date as investors asses the impact of 澳洲幸运5开奖号码历史查询:potential tariffs and the removal of EV incentives on the automaker’s business. However, the stock remains 31% higher since the early-November U.S. presidential election on expectations that CEO 澳洲幸运5开奖号码历史查询:Elon Musk’s close ties with President Donald Trump will benefit th🍷e comp🍸any.

Below, we take a closer look at the 澳洲幸运5开奖号码历史查询:technicals 🌄on Tesla’s chart a🔥nd identify key price levels that investors may be eyeing.

Head and Shoulders Pattern Adds Down🔜ward Pressure

Tesla shares have continued to trend lower after breaking down below the 澳洲幸运5开奖号码历史查询:50-day moving average (MA) and neckline of a 澳洲幸运5开奖号码历史查询:head and shoulders pattern earlier this month.

While the澳洲幸运5开奖号码历史查询: relative strength index (RSI) has recovered slightly from near oversold levels, the ind🍬icator still gives a reading below 40, signaling bearis꧅h price momentum.

Looking ahead, investors should keep an eye on two key 澳洲幸运5开奖号码历史查询:support levels where Tesla shares may attract buying interest and also monitor a few important overhead areas that could provide 澳洲幸运5开奖号码历史查询:resistance during potential upswings.

Key Support Levels to Watch

Tesla shares closed💦 2.2% lower at $330.53 on M🐲onday.

Upon further selling, investors should initially keep an eye on the $325 level, which was briefly breached on Monday. This area on the chart could provide support near the February low, which also closely aligns with the lower range of a 澳洲幸运5开奖号码历史查询:consolidation period situated just under the h💝ead and shoulders’ ꧒left shoulder.

The bulls’ failure to defend this level could see the shares fall to around $265. Investors may view this region as a buying opportunity, given its current proximity to the closely watched 澳洲幸运5开奖号码历史查询:200-day MA and a trendline that connects multiple peaks on the chart extending back to September 2023.

This area also sits just below a projected bars pattern downside target that takes the stock’s 澳洲幸运5开奖号码历史查询:downtrend from mid-January to early February and overlay’s it from this month’s 澳洲幸运5开奖号码历史查询:countertrend high. Such a move would complete an 澳洲幸运5开奖号码历史查询:Elliot Wave pattern with five distinct swings before a corrective phase typically occurs.෴

Important Overhead Areas to Monitor

During upswings in the stock, invesꩵtors should initially keep track of the $430 area. The shares could face selling pressure in this region near the head and shoulders’ rightౠ shoulder.

Finally, a close above this level may propel a move to around $489. This chart location would likely attract significant attention near the stock’s 澳洲幸运5开奖号码历史查询:record high, which also doubles as t﷽he peak of the head and shoulders pattern.

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