| 
April 09, 2023- Price action honing in on likely support at $177.08
Having lost $21.94 over 5 days, With a marginal improvement upon Thursday's session, after ending Thursday at $185.52, the trendy EV maker recovers back to $185.06 after dipping down to $179.74 earlier today.
Tesla hit a significant low of $108.1 around 3 months ago, but has since recovered 71.62%.
A study of Tesla's historical price actions shows Tesla is approaching key support, around $7.98 away from $177.08. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.
Meanwhile, mixed performances were seen by other consumer discretionary stocks as Alibaba was up 4.25%. Toyota lost 1.1% Thursday and closed at $138.87. Amazon was up 0.95%.
