$Tesla Motors(TSLA)$ πππ ±οΈUΜ₯ LΜ₯ LΜ₯ IΜ₯ SΜ₯ HΜ₯π¨π³
Iβve been closely monitoring Teslaβs stock, and itβs exhibiting some fascinating patterns. What a ride right @Mig βοΈ In this mornings trading, 02Apr25 NZ π³πΏ time, it formed a classic double bottom at $259.10! For those less familiar, a double bottom is a bullish reversal pattern that often signals a shift in momentum. This morning, we saw a significant bounce of $13, coincidentally my lucky number π, accompanied by robust volume. This combination suggests that buyers are stepping in with conviction!
The stock reached $276 earlier today, which aligns neatly with a key Fibonacci retracement level. Currently, itβs hovering around $274.90, potentially in a retest phase. If buyers maintain their enthusiasm, I anticipate:
β’ $280 as the next resistance level to watch π―
On the flip side, Iβve identified:
β’ $269 as a nearby support level
Overall, the price action is tilting towards a bullish outlook.
π¨π°ποΈ Recent TSLA NEWS ποΈ
In terms of recent developments, Teslaβs performance in international markets is noteworthy. In Spain, new car sales surged by 34 percent in March compared to the same period last year, totalling 1,983 units. This growth is impressive, especially considering the broader market conditions.
Meanwhile, in the Czech Republic, sales skyrocketed by 297 percent year over year, largely driven by the introduction of the new Model Y. This suggests that Teslaβs product launches are resonating well in these regions.
Perhaps most striking is Teslaβs achievement in π¨π³ China. The new Model Y became the best selling car across all categories, electric, petrol, and hybrid, in March, with 43,370 units sold. This is a testament to Teslaβs growing dominance in the worldβs largest automotive market. In fact, the latest weekly insurance data revealed 21,000 new Teslas insured in π¨π³ China, marking the best week of 2025 so far and the strongest since late December 2024. Only three other weeks in Teslaβs history in π¨π³ China have seen higher registration numbers.
Looking ahead, Tesla is set to release its Q1 production and delivery results tomorrow morning, before 9.30 AM ET (03Apr25, New Zealand time). Wall Street analysts are anticipating around 377,000 deliveries, while Troy Teslike, a well known Tesla analyst, projects a more conservative 355,000. Additionally, Tesla will report its Q1 energy storage deployment figures. Iβll be sure to share these results as soon as theyβre available.
π£ If you found this analysis helpful, please like, repost, and follow me for more sharp setups, stock trends, and actionable insights. Iβm dedicated to spotting the next market movers and sharing strategies that deliver tangible results. Letβs trade smarter and grow together!
Happy trading ahead. Cheers, BC πππππ
@TigerPicks @TigerStars @TigerWire @antiti @1PC @Sonsonkok
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
that's why I like this one BC
thanks for another amazing article π
Come on yo Bulls!
Great article, would you like to share it?