The price move occurred on volume that was down 7.36% from the day prior, but up 79.7% from the same day the week before.
Price action traders may also wish to note that we see a pin bar candlestick pattern on tsla.
As for how volume fared, yesterday’s volume was up 5.66% from the previous day (monday), and up 160.66% from tuesday of the week before.
The price move occurred on stronger volume; specifically, yesterday’s volume was up 49.58% from the day prior, and up 145.33% from the same day the week before.
Overall we are seeing a major inflection of ev demand globally with our expectations that ev vehicles ramp from ~3% of total auto sales today to 10% by 2025,"" writes analyst dan ives.
This is the 2nd hour in a row tsla has seen its price head up.
2 price action traders may also wish to note that we see a pin bar candlestick pattern on tsla.
Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Ba down 20 thermo down 30 tesla up 50 all right after i buy the reverse contracts….
This is the 2nd straight hour tsla has seen its price head down.