Tesla With Selling Around Quarterly Valure Area High
Tesla inc. (Nasdaq: TSLA) fell about 2.3% in today's New York trading session by selling pressure of the Quarterly VAH close level which is confluent with the prior distribution.
The stock might complete a rotation towards the Quarterly DVAL close level, targeting the swing lows for absorption purposes while buyers could add to their core positions.
The current Quarter's developing VAL level may be serving as a supportive level for buyers. Reactions and patterns need to be awaited there. Intra-day slope was to the downside this session with selling around the prior POC.
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prices DO jump around, since they are at least partly driven by emotions. That is to be expected and understood.