Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last Hour:
Last 24 Hours:
Total:

Tesla Still in Bullish Trend

% of readers think this story is Fact. Add your two cents.


Yesterday, we looked at a Daily Price Chart with a MACD Chart for Sea Ltd., noting that the stock’s MACD line was showing a ‘buy’ signal.

Today’s Chart of the Day is a Daily Price Chart with EMAs for Tesla Inc. (NYSE: TSLA).

Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive; and Energy Generation and Storage.

Now, below is a Daily Price Chart with the 50–Day EMA and 100–Day EMA for Tesla Inc.

Back on October 21st, the TSLA 50–Day Exponential Moving Average (blue line) crossed above the 100–Day Exponential Moving Average (red line), indicating TSLA was showing a ‘buy’ signal (circled).

Chart

When the 50–Day EMA crosses above the 100–Day EMA, the stock’s buying pressure has begun to outweigh the selling pressure. This is a ‘buy’ signal.

When the 50–Day EMA crosses below the 100–Day EMA, the stock’s selling pressure has begun to outweigh the buying pressure. This is a ‘sell’ signal.

If you had purchased TSLA shares when the 50–Day EMA crossed above the 100–Day EMA on October 21st, when the stock was around $253.50, you’d be up 207.9% by now.

Not a bad profit for a six–month–hold of a luxury automobile company!

Now, as you can see, the 50–Day EMA is still above the 100–Day EMA. That means the bullish trend is still in play!

As long as the 50–Day EMA remains above the 100–Day EMA, the stock is more likely to keep trading at new highs in the coming days and weeks.

We’ll be keeping our eye on this stock as it continues to trend upward.

Best Regards,

Chuck Hughes
Editor, Chart Of The Day

The post Tesla Still in Bullish Trend appeared first on Laissez Faire.



Source: http://freedombunker.com/2020/05/01/tesla-still-in-bullish-trend/
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com

Order by Phone at 888-809-8385 or online at https://www.herbanomic.com


Get our Free Ebook, "Suppressed Health Secrets"  with  Natural Cures THEY don't want you to know!

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Organic Hemp Extract (CBD) - Full Spectrum high CBD (3300mg) hemp extract eases stiff joints, relieves stress and more!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...
    Loading...

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.