Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk set to testify at ‘pedo guy’ trial today
The Los Angeles Federal Court case begins today and will put Musk and his accuser Vernon Unsworth face-to-face for the first time.
Unsworth was a member of the rescue team who saved a Thai boys football team trapped in a cave in June 2018.
He poured scorn on Musk’s attempt to bring a mini-submarine to the rescue mission, calling it a “PR stunt”.
Unsworth is seeking punitive and monetary damages for the tweets, but not for the subsequent email.
Unsworth’s lawyer said Musk’s explanation is “offensive to the truth” and that he would provide evidence of damages at the trial by “talking about [Unsworth’s] worries, his anxieties, his concern by being branded a pedophile”.
Musk’s legal team also tried to argue Unsworth became a public figure as a part of the rescue of the Thai boys, meaning that it is more difficult to prove defamation and that “actual malice” needs to be shown.
This explanation was thrown out by judge Stephen Wilson.
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
The projected upper bound is: 367.21.
The projected lower bound is: 308.99.
The projected closing price is: 338.10.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 31 white candles and 19 black candles for a net of 12 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 43.0819. This is not an overbought or oversold reading. The last signal was a buy 1 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 57.44. 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 sell 6 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 -52. This is not a topping or bottoming area. The last signal was a buy 1 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 sell 8 period(s) ago.
Rex Takasugi – TD Profile
TESLA INC closed up 1.330 at 336.200. Volume was 15% below average (neutral) and Bollinger Bands were 23% narrower than normal.
Open High Low Close Volume___
332.620 337.910 332.186 336.200 6,613,476
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 339.72 294.81 256.27
Volatility: 47 65 59
Volume: 7,847,725 9,144,808 9,382,858
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 31.2% above its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect moderate flows of volume into TSLA.O (mildly bullish). Our trend forecasting oscillators are currently bearish on TSLA.O and have had this outlook for the last 0 periods.