(Update) TSLA

Tesla (TSLA) traded lower on a weekly basis and reached the second support of $757.40, as forewarned last week. Latest price action suggest further sell off is still possible, as EMA10-EMA20 still showing a deadly cross. Hence Tesla likely to retest 757.40 support with another one further down at $680, which as the year to date low. Alternatively, an EMA10-EMA20 golden cross in the daily time frame or a daily close above $868, whichever comes first, may favor bulls with nearest resistance at $945.82 and $1,012.