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hey everybody Welcome to Daves chart of the day and today my friends it is going to be Tesla ticker TSLA now theres a reason for that and the reason is this nasty bearish Trend that the stock has been in so since hitting those all-time highs in November of 2021 ticking up over 414 dollars per share um Tesla has been in a downtrend every little Spike up cant quite make a newer High and the last time it really interacted with that 200-day moving average happened here in August of last year so lets zoom in a little bit more uh see what we can see so here you see that rejection at that 200-day moving average really tried for the really trying to make a move uh in September to break free get some escape velocity just didnt happen so now this might as well be uh a fortified line with Gunners and tanks because this Line in the Sand has not been getting crossed and it doesnt look like its going to anytime soon the most recent little bit of Hope for the Bulls came on a gap up following t