Technical Analysis – Tesla posts “golden cross”

Tesla 07dec18 | EconAlerts

Tesla stock posts “golden cross”, but still neutral in the medium-term. Tesla’s stock moved higher in recent sessions to touch a four-month high of 368.50. Meanwhile, the 50-day SMA crossed above the 200-day one marking a so-called “golden cross”, which is a bullish signal. That being said, the broader picture still appears to be sideways; […]

Technical Analysis – Tesla neutral in the medium-term

Tesla 23Nov18 | EconAlerts

Tesla’s stock neutral in the medium-term, but at risk of a correction in the short-term. Tesla’s stock continues to trade in a relatively sideways manner, showing no clear trending structure on the daily chart. Enhancing this neutral view, the 200-day simple moving average (SMA) has flatlined, indicating the absence of a strong directional bias. Short-term […]