Shares of Tesla Inc. slid 3.2% in midday trading Wednesday, to decisively break below a key Fibonacci retracement level (Fibo). After last Thursday’s...
Shares of Tesla Inc.
slid 3.2% in midday trading Wednesday, to decisively break below a key Fibonacci retracement level . After last Thursday’s post-earnings selloff took the electric vehicle maker’s stock below the 38.2% retracement level, the stock had been testing support at the 50% retracement level of the rally off the Jan. 3 low of $108.10 to the Feb. 14 peak of $214.24.
slid 3.2% in midday trading Wednesday, to decisively break below a key Fibonacci retracement level . After last Thursday’s post-earnings selloff took the electric vehicle maker’s stock below the 38.2% retracement level, the stock had been testing support at the 50% retracement level of the rally off the Jan. 3 low of $108.10 to the Feb. 14 peak of $214.24.
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