Tesla Inc (TSLA) Down 9.02%, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart

Tesla Inc Daily Price Recap

Tesla Inc closed the day prior down 9.02% ($40.37); this denotes the 3rd consecutive day a decrease has occurred. The change in price came along side change in volume that was down 10.84% from previous day, but up 60.07% from the Thursday of last week. The daily price chart of Tesla Inc below illustrates.

TSLA

Tesla Inc Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Tesla Inc’s price has gone up 8 of the previous 14 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to TSLA:

    $TSLA the markets is always right & it’s like making investors look stupid by u πŸ€” it keep going down make fortune πŸ˜‚ then when it played out u go home with the sheets tuck under like a little 5 year old

    Teslacult100