Here's Why Tesla Stock Looks To Be Charging Up For Another Jaunt North: Is A Gap Fill On The Horizon?
Portfolio Pulse from Melanie Schaffer
Tesla, Inc (NASDAQ:TSLA) stock is showing signs of a potential bullish trend, as it forms an inside bar pattern near the top of Tuesday's trading range. The pattern suggests a period of consolidation and is usually followed by a continuation move in the direction of the current trend. However, if the stock continues to reject the 50-day SMA, it could break down from Tuesday's mother bar, causing volatility in the stock market. Traders can use MIAX's SPIKES Volatility products, traded on SPIKES Volatility Index (XMIO: SPIKE), to play the potential volatility.
August 30, 2023 | 3:38 pm
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POSITIVE IMPACT
Tesla's stock is showing signs of a potential bullish trend. However, if it continues to reject the 50-day SMA, it could cause volatility in the stock market.
The formation of an inside bar pattern near the top of Tuesday's trading range suggests a potential bullish trend for Tesla's stock. However, if the stock continues to reject the 50-day SMA, it could break down from Tuesday's mother bar, causing volatility in the stock market.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Traders can use MIAX's SPIKES Volatility products, traded on SPIKES Volatility Index (XMIO: SPIKE), to play the potential volatility in the stock market.
The potential volatility in the stock market due to Tesla's stock movements can be played using MIAX's SPIKES Volatility products, traded on SPIKES Volatility Index (XMIO: SPIKE).
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50