gettyThe widely followed technology indices this week hit new all time highs and the headline news came on lower trading volume. Not only is volume lacking this time around, certain price chart indicators are also showing a lessening of enthusiasm. The full NASDAQ Composite daily price action:NASDAQ Composite daily price chart, 8 20 20. stockcharts.comThe price continues up and away, but since late June, the volume just keeps diminishing. The relative strength indicator (RSI), above the price chart, is lower now than it was at the early summer peak. Tesl TSLA a’s daily price chart:Tesla daily price chart, 8 20 20. stockcharts.comIncluded in this examination of price action because it gets so many mentions in the financial media.

Source: Forbes August 20, 2020 22:49 UTC