"Stock Charts Signal Weakness Ahead for Tesla and Netflix Shares"

Shares of Tesla and Netflix have entered correction territory, with their stock charts indicating that the downward trend is likely to continue for several weeks. The recent earnings reports from both companies have disappointed investors, leading to significant declines in their stock prices. Technical indicators such as downside gaps and declining relative strength indexes (RSIs) suggest that the stocks are experiencing upside exhaustion and may undergo corrective action. Initial support levels for Tesla and Netflix stocks are around $243 and $406, respectively.