This small range can provide opportunity up/down if you trade the levels within the intraday charts. You can use them as triggers to enter / triggers to exit. Such as a bounce and continuation off the level and/or a failed bounce and resistance into a short position. The recent daily range was 41% larger than it's 14-day Average True Range. 146.30 points from it's 52 week high (35.30%).
If you are watching the SPY Chart to help with assisting on the broader market, then you will see the SPY levels I posted the other day are holding true. That chart will be linked below for quick reference. The broader market will help with the consensus is overall and may provide some insight into overall directional sentiment for TSLA and other stocks.
What's apparent is the large cap growth sector and semiconductors continue to make new lows, while the other sectors continue to build off the recent lows (avoiding lower lows). The markets NEED the large caps and semiconductors to begin catch a bid and turning the corner up the right-hand side if the markets have any chance at all for larger ascending and prolonged movements.
If you are watching the SPY Chart to help with assisting on the broader market, then you will see the SPY levels I posted the other day are holding true. That chart will be linked below for quick reference. The broader market will help with the consensus is overall and may provide some insight into overall directional sentiment for TSLA and other stocks.
What's apparent is the large cap growth sector and semiconductors continue to make new lows, while the other sectors continue to build off the recent lows (avoiding lower lows). The markets NEED the large caps and semiconductors to begin catch a bid and turning the corner up the right-hand side if the markets have any chance at all for larger ascending and prolonged movements.
