Tesla, Inc (NASDAQ: TSLA) was falling slightly on Friday, testing the 50-day simple moving average (SMA) as support after Cathie Wood’s ARK Invest disposed of $15.94 million worth of the stock.
The EV-giant’s move lower confirmed the stock’s downtrend remains intact, with the formation of another lower low. The local bottom may be in, because Tesla was working to print a hammer candlestick on the daily chart.
