Tesla Surges 6%: Breaking Barriers and Eyeing New Highs

ToNi
01-18

Tesla (TSLA) had a strong trading session today, surging 6.07% to close at $438.94. The stock showed steady upward momentum throughout the day, starting at $418.62 and reaching a high of $441.21.

Key Observations:

1. Volume: TSLA traded with significant volume at 57.90 million shares, indicating strong market interest.

2. Momentum: The price surpassed critical resistance levels around $429, suggesting bullish sentiment.

3. Next Levels to Watch: The stock is approaching the psychological barrier of $450. Breaking above this level could signal further upside potential.

4. Technical Trends: The intraday trend remained positive, with the price consistently trading above the moving averages, indicating continued strength.

Conclusion:

Tesla’s strong price action reflects optimism in its future prospects. However, investors should monitor resistance at $450 and market catalysts for sustainability. Will TSLA maintain this rally, or is a pullback imminent?

Tesla Earnings: Time to Beat or Give Back Post-Election Gains?
Tesla is expected to be released on January 29. It might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. EPS estimates of $0.76, which represents a year-over-year change of +7%. Revenues are expected to be $27.61 billion, up 9.7% from the year-ago quarter. --------------- Are you bullish on another beat and lift the stock higher? Or is it too hard to meet the high estimates of market and may give back the post-election gains?
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Comments

  • antiti
    01-21
    antiti
    Nice sharing![Strong] How will Tesla move tonight? Break $450 or pullback[Doubt]
  • cheerzy
    01-21
    cheerzy
    Looking optimistic
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