Below are a couple of charts I shared on Twitter and StockTwits this past week, but didn’t post to the site.
Tesla (TSLA) was trying to hold momentum trend as the stock consolidated in a sideways pattern.
At the close on Friday, TSLA broke trend in Twitter and StockTwits momentum. This increases the odds that the recent price lows will be broken and TSLA’s down trend will continue.
We got a weak signal at the close on Wednesday that volatility (VIX) might be coming back to the market.