Teen who hacks car to drive backwards gets shoutout from Elon Musk Tesla, Inc. (NASDAQ:TSLA)
A Russian teenager has refitted his car to drive it backward, and got a shoutout from Tesla’s TSLA, -1.17% CEO Elon Musk. But this didn’t stop the police from stripping him of the car registration.
The 18-year-old was stopped earlier this week driving the battered Lada backward. The teenager showed in a video posted on social media that he had refitted the car, removing what was underneath the hood to where the trunk normally is, and reversed the driver’s seat.
The video, posted on Twitter by the Russian television station NTV, got a shoutout Monday from Musk’s verified account who said, in Russian, that it was “awesome.”
Overall, the bias in prices is: Downwards.
Note: this chart shows extraordinary price action to the downside.
By the way, prices are vulnerable to a correction towards 319.73.
The projected upper bound is: 343.84.
The projected lower bound is: 271.18.
The projected closing price is: 307.51.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 26 white candles and 24 black candles for a net of 2 white candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 52.1375. This is not an overbought or oversold reading. The last signal was a sell 4 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 45.87. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 107 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 17. This is not a topping or bottoming area. The last signal was a buy 13 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 8 period(s) ago.
Rex Takasugi – TD Profile
TESLA INC closed down -3.640 at 308.170. Volume was 39% below average (neutral) and Bollinger Bands were 22% narrower than normal.
Open High Low Close Volume___
312.350 312.750 305.570 308.170 5,141,617
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 311.68 327.73 316.13
Volatility: 32 72 74
Volume: 6,913,981 7,686,226 9,085,431
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
TESLA INC is currently 2.5% below its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of TSLA.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on TSLA.O and have had this outlook for the last 4 periods.
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