Tesla
Long

US Stock In Play: $TSLA (Tesla Inc)

115
TSLA was the top trending ticker symbol over at Twitter (TWTR) in the last 12 hours, after closing with a +7.94% rally intraday. This is a new all time high attained by TSLA at $816.04, post split. The breakout have also fully negate the Bearish Wedge chart pattern highlighted in the previous week, with TSLA breaking above the upper boundary of the chart formation in less than 5 trading session.

Current price volatility is observed to be at a significant range of $35/day ATR-14 (an approximate 4.35%/day). A continuous follow through of momentum tonight (bullish) with pre-market trading beyond $817, is likely to see TSLA trade beyond its limit range of 4.5% to close the week at $860.

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