(Update) TSLA

Tesla (TSLA) resumed its downtrend and reached the $757.40 second downside support, as correctly anticipated in 6 May. Current price action (lower lows and lower highs) and EMA10-EMA20 deadly cross suggest Tesla is still in a downtrend and a short sellers market. These could open up the possibility of a near term retest of $633 support with another one further down at $558.00. Alternatively, a daily close above $757 could trigger a near term retest of $806 or $874 resistance.