See how the Double Bottom is playing out for TSLA. View live chart.
Reversal pattern after a downtrend.
Expanding volatility. Sign of instability.
Traders are watching Tesla, Inc. (TSLA) as price action tightens. The stock is trading at $298.32, down 2.97% on the day. Algorithmically, a Double Bottom structure has completed. Volume is average (0.9x avg) with high trend strength (81.9). A potential breakout level is identified at $432.86, targeting $568.34 with support near $365.12 (R:R 2.0).
What is your outlook on TSLA?