Tesla (TSLA) stock fell 12% this week — it’s the second worst weekly performance in a year. But it did manage to settle above a key price area watched by traders. Even if price breaks to the downside, a relatively obscure technical indicator suggests Tesla is maintaining its long-term bullish trend.
“For Tesla, the trend is higher based on that cloud — or shaded area on the chart,” says Katie Stockton, founder and managing partner of Fairlead Strategies, during a Yahoo Finance Plus on…
Source link
