It's All About 206 for Those 90,000 Model S Sedans

Tesla Motors is down today on this news, after rally for much of the weak from short-term beaten-down conditions. 

On the updated daily chart, below, I am looking at $206 as being the major level to hold, below. Note how many times Tesla has probed it in recent weeks. And after failing today at the highlighted resistance trendline, upper light blue line, another push towards $206 could easily open up the possibility for a meaningful breakdown. 

We know $232 has been one of the main levels above to observe, coinciding with the 200-day moving average. 

But now we have an equally pronounced level below setting up TSLA's next directional trade, long or short.