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  • Writer's pictureT. Livingston

Tesla- Looking Good

Tesla, $TSLA, is setting up quite well for a potentially strong move higher. I've traded Tesla two times in 2020, once in May and later in August. This stock has just been incredible this year. I sold it after its stock split, reasoning it would need time to digests its massive gains. I've been really impressed with how it has held up over the last month. Since April, it has yet to close below its 10-week moving average; investors just keep coming in to buy it. In addition, it found support at its prior breakout area and looks like it is forming a base on base pattern. We've seen similar action this year in other stocks such as $WKHS and $NIO.

The fourth quarter will be an interesting time to be watching Tesla to see if it can finish 2020 in strong fashion.

Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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