TSLA Volume Play
Updated
I just saw this, found it interesting and thought I'd pass along...
Just about, since the end of June, if you look at the volume for the day, if it's dips below 71 million, the next day, it rises above it, along with normally a decent gain on the share price as well.
Today's vol was lower than avg at 66 million. From what I see, this theory seems most solid when the trading vol has been above the 71 million level and then comes down...because between Jul 29 and Aug 11 vol was below this threshold.
Just about, since the end of June, if you look at the volume for the day, if it's dips below 71 million, the next day, it rises above it, along with normally a decent gain on the share price as well.
Today's vol was lower than avg at 66 million. From what I see, this theory seems most solid when the trading vol has been above the 71 million level and then comes down...because between Jul 29 and Aug 11 vol was below this threshold.
Note
My "idea" did appear to work out, with an upside of 3.32% on the day...not bad.Also, today (Sept 28th), the vol was again below 71 million, at around 47 million...which could bring another green day on tomorrow, however, it appears we are getting rejected on breakout of the triangle pattern you see in this chart. I believe we'll go down and fill the gap that was created today if the market is down, if the market is up, then I think TSLA will follow and that gap won't be filled tomorrow.
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