Here’s my daily chart of TLSA, which continues to fight to hold onto the uptrend line off the April lows with a solid close (rejection) below it to open the door for a 12% minimum drop back to the 200-ema & 361.55ish support.

Basically, if QQQ & SPY solidly close below those key Oct 10th lows they tested yesterday & are currently testing again today, I would put extremely high odds TSLA will get rejected off this backtest & drop to that min. target.

I just wrapped up a video in which I covered the top components of QQQ from a long-term (weekly charts) perspective, including TSLA. Pretty much, TSLA is backtesting that uptrend line I recently highlighted on the daily chart & once that is clearly taken out (along with the support I cover in the video that will be posted soon), the stock is headed a lot lower. I’ll try to follow up with a chart or two (here) when I get a minute.