(Finance) – Relegated Tesla Motorswith a decline of 1.61%, after the rally on the eve triggered by the news that shareholders approved, with a clear majority, his controversial remuneration of 56 billion dollars, rejected by a judge, and the decision to move the company’s registered office from Delaware to Texas.
The technical scenario seen in one week of the stock compared to the index Nasdaq 100highlights a slowdown in the trend ofcompany active in the automotive sector compared toindex of US technology stocksand this makes the stock a potential selling target for investors.
The short-term technical framework of Tesla Motors shows an upward acceleration of the curve with a target identified at 184.3 USD. Risk of falling to 176.5 which will not jeopardize the health of the current trend but which represents a temporary correction. Expectations are for an extension of the bullish trendline towards 192.1.