The Hourly View for TSLA

Last Updated November 26, 2020, 12:11 GMT

Currently, TSLA’s price is down $-5.08 (-0.91%) from the hour prior. Tsla has seen its price go up 5 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on TSLA. Given that we see an uptrend on the 20, 10 and 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50 and 100 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Tesla Inc Daily Price Recap

Tesla Inc closed the day prior up 3.35% ($18.62); this denotes the 3rd consecutive day an upward move has occurred. The change in price came along side change in volume that was down 7.36% from previous day, but up 79.7% from the Wednesday of last week. The daily price chart of Tesla Inc below illustrates.

Tesla Inc Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Tesla Inc’s price has gone down 16 them.

Overheard Around the Web

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

Headup: IS IT TIME TO FEAR?

As a distressed investor, I'm running out of bargains to buy and hold comfortably without losing sleep at night
Pretty much all the long-term value names I like are in deep overbought territory nearterm
GE, DB, X, OXY = A correction is a must most likely will come after Friday 1/2 day. Here is why?
Me confidence that option Manipulation will play a huge roll = rigged game

What's the plan?
Me Start to look for super movers in the past 5-10 days to sell BIG = they are all over the Market, just throw ur dots and pick
I liked the alternative energy after Biden was elected but now super super super bought with valuation non-existent = easy time

Here are my favorites to Short/puts
$tsla $pltr $nio
$blnk $fcel dilution any day

– DayDreamingFUND

The post Tesla Inc (TSLA) Moves Up For the 3rd Consecutive Day; in an Uptrend Over Past 14 Days appeared first on CFDTrading.