Tesla Does it Again: Heads Up for the 7th Straight Day

The Hourly View for Tesla

  • At the moment, TSLA’s price is down $-3.41 (-0.37%) from the hour prior.
  • This is the 2nd hour in a row Tesla has seen its price head down.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
  • The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Tesla’s hourly price chart is shown below.

TSLA

The Daily View for Tesla

  • Currently, TSLA’s price is up $10.74 (1.16%) from the day prior.
  • Tesla has seen its price go up 5 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Tesla. Given that we see an uptrend on the 20 and 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between TSLA’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in TSLA’s price.

Below is a daily price chart of Tesla.

TSLA

Featured Tesla Idea From TradingView

Below is a trading comment entitled Elon Musk: Greatest Liar In Human History you may find interesting:

Hello friends. We think that Elon Musk is possibly the Greatest Liar In Human History.Did you know that the has commited securities fraud with his darling stock Tesla at least once?Did you know that he claims to be Autistic but isn’t?That he made an April Fool’s Day tweet in which he announced Tesla had gone bankrupt?That he lied about having sex with the wife of Google cofounder Sergey Brin?There are tens of thousands more examples, and it’s good to go ahead and do your own research about this.When is the last time that Elon Musk told the truth about something? It may have been a very long time.The upcoming trial will be a key moment for everyone. It’s important to note that this trial is not Elon Musk VS Twitter. It’s actually Elon Musk VS the law. The ruling in October will dictate whether the rich are fully immune to the law or whether even the rich must obey the law on occasion. Elon has signed an ironclad contract which does not have an easy escape, and the fact is that he is broke. If he is ordered to purchase Twitter, there is a great chance that he will be forced to sell his Tesla shares. It doesn’t seem like any investor will want to get involved with lending money to this liar after he changed his mind about a deal he had already agreed to, since they should know their mo…

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