What is the price action for this ticker?
$Tesla(TSLA.US$ stock took a slight dip of 1.2% on the last trading day…slipping from $172.8- $170 range. Throughout the day, it swung between a low of $166.3 and a high of $171.2, showing a fluctuation of 2.9%. Over the past ten days, it has dropped in value on six times, marking a total decrease of 2.6% during this period. Although trading volume saw an increase of 3 million shares on the last day, it happened alongside declining prices, hinting at a potential early warning sign. This could lead to a slightly higher risk over the next few days. In total, about 75 million shares exchanged hands, amounting to roughly $12.79 billion.
In the short term, Tesla's stock appears to be caught in a broad downward trend. This suggests the likelihood of further declines within this trend.
In the short term, Tesla's stock appears to be caught in a broad downward trend. This suggests the likelihood of further declines within this trend.
Checkout the analysis of $Tesla(TSLA.US$ forming a wedge pattern from a longer time frame
Based on the current short-term trajectory, there's an anticipation of a significant drop of around 28.12% over the next couple of months. If you are thinking to get in I would wait for it to confirm breaking the wedge pattern between $103 - $158 range.
Personally I would wait if it reaches this price target to get in more shares. However, if your portfolio exceeds above 10% of this, you better becareful not to over leverage as you should not hold too much on individual stocks unless its
Invest safe peeps.
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