As the share price of Tesla (TSLA) surges, other "traditional" car manufacturers are sliding. Toyota (TM) for example, broke below a key support around 110 last week, and is likely to continue being pressured towards the 2016 lows in the 98-100 area. Toyota Motors (TM) Daily Chart(click to enlarge)Neutral-Bearish:- TM's price action was bearish heading into 2016. - But we can see that a price bottom was formed in the first half of the year, with a low around 98.- Then price rallied towards 123. - Price failed to clear 123 twice. - The 110 area was critical key support/resistance pivot.- A hold above 110 would suggest respect for the price bottom, and kept the chart looking bullish. - However, with a break below 110, the market is at best neutral, and probably still bearish.- Thus, we should not be surprised if in 2017, price falls back towards the 98-100 area.- In this bearish outlook, there would still be upside risk back towards 115, but not above.- A rebound back above 115 would make the chart look bullish again.