The shares of Tesla Inc., the world's leading manufacturer of electric cars, continue their global correction, trading at 208.00.
On the daily chart, the price is trying to maintain an uptrend and is above the 50.0% Fibonacci intermediate retracement at 205.00.
On the four-hour chart, quotes are moving within the local sideways corridor 214.00–189.00, exit from which will be a signal to continue positive dynamics. The key support is the 50.0% interim retracement at 205.00, consolidation below which will allow the asset to drop to the 38.2% Fibonacci base retracement at 181.00.
Technical indicators strengthen the buy signal: fast EMAs on the Alligator indicator move away from the signal line, and the AO histogram forms rising bars.