Thinking About Riding the TSLA Uptrend? Read This First

The Hourly View for Tesla

  • Currently, TSLA’s price is down $-3.44 (-0.29%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved up.
  • Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
  • The moving averages on the hourly 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.

Tesla’s hourly price chart is shown below.

TSLA

The Daily View for Tesla

  • Currently, TSLA’s price is down $-59.15 (-4.84%) from the day prior.
  • This is the 2nd day in a row Tesla has seen its price head down.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
  • The moving averages on the daily 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.
  • Divergence alert: Trend in TSLA’s price and its RSI are diverging. TSLA’s price is rising faster than its RSI.

Below is a daily price chart of Tesla.

TSLA

Featured Tesla Idea From TradingView

Below is a trading comment entitled TESLA STILL BULLISH you may find interesting:

SPICE ALGO INDICATOR IS FIRE! IT IS A MUST HAVE!TESLA will fall but will bounce back soon…Still gotta love Tesla Stocks.A majority of 3.5 million Twitter users — 58% — said they’d support such a sale in a Twitter poll that Musk launched Saturday and closed shortly after 2:15 p.m. Sunday in New York. The stake would be valued at about $21 billion based on 170.5 million Tesla shares he holds.“I was prepared to accept either outcome,” Musk said in a tweet after the poll closed.A cryptocurrency version of Tesla’s shares trading on FTX suggests Musk’s tweeting may cause the shares to fall when Wall Street wakes…

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