Tesla inc. (Nasdaq: TSLA) is up about 0.5% in the pre-market season of the New York trading session. The stock touched recently the Quarterly DVAH (-1st Standard Deviation) level of the VWAP structure for potential selling which brought the market into the balanced behavior. Traders might lean on the extremes of the mentioned rotational price range while the market seems to open around the middle of it.
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The monthly perspective seems to establish a bracket while the prior selling tail might serve as support for the rotation higher. Intra-day perspective with the VWAP close levels monitored as support/resistance.
Tesla's vehicle price increases due to supply chain pressure, Musk said in a tweet. This could have been the boosting factor in the pre-market trading.
(Click on image to enlarge)
(Click on image to enlarge)
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