TSLA has broken 2 of its major support levels at around 212 indicated by the red line and 180 indicated by the blue line. As of now, the stock is very extended to the downside, according to bollinger bands which mine is set at 2.5 Deviation. It needs first reclaim the 180 and then possibly 200. That is where I would look to re-enter a short trade. If the stock does not bounce from here, the major support level will be 120.
