Tesla is likely to rally to its 200-day moving average and year-to-date pivot point before selling off; if it establishes a higher bottom, it may then build energy to break resistance at 390.

Some other names, Tesla did...basically, if you look at what I talked about on "Trader TV" on Tuesday, which I also posted on YouTube , that's exactly what I drew that day. I said it's likely to climb up to the 200-day moving average and the year-to-date pivot point and find a sell-off.

Then if it manages to return to the downward trend and establish a higher bottom, perhaps Tesla can build up some energy to push past this existing resistance at 390. So, that's one name.