Tesla $TSLA started the year on a bull run that took shares from a low around 180 in 2016 to a high of 390 in September. However, Price has been flat since June, and is bearish after failing to clear 390 in September. TSLA Daily Chart(click to enlarge)Downside:- Price did bounce off of the 200-day simple moving average (SMA).- However, note that it was immediately turned around when price tested previous support factors (trendline and support line).- This suggests bears are still in control.- Therefore, we should anticipate a downswing to at least 300, and perhaps back to the support/resistance pivot in the 286-292 area.