Tesla’s been a big name this week because of Battery Day. Behind all the excitement and letdown, some interesting things have happened technically – especially on the hourly chart.
Consider the price action around $380 on August 18-19. TSLA jumped to that level after the stock split was announced. (It was a new record high at the time, split adjusted.) For two full sessions the electric-car maker pushed and struggled before breaking out and continuing all the way toward $500.
Interestingly, buyers defended that that price area on Wednesday and Thursday of this week. There was even a failed breakdown yesterday, which got bought.
Turning to the daily chart, TSLA also bounced at its 50-day simple moving average (SMA). (But even then the 50-day SMA was about $20 below the $380 area.)
Finally, a triangle is starting to emerge on the daily chart. This could be the next big thing to watch. Based on the current action, it could indicate a bounce toward roughly $440.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Consider the price action around $380 on August 18-19. TSLA jumped to that level after the stock split was announced. (It was a new record high at the time, split adjusted.) For two full sessions the electric-car maker pushed and struggled before breaking out and continuing all the way toward $500.
Interestingly, buyers defended that that price area on Wednesday and Thursday of this week. There was even a failed breakdown yesterday, which got bought.
Turning to the daily chart, TSLA also bounced at its 50-day simple moving average (SMA). (But even then the 50-day SMA was about $20 below the $380 area.)
Finally, a triangle is starting to emerge on the daily chart. This could be the next big thing to watch. Based on the current action, it could indicate a bounce toward roughly $440.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.