Tesla is up more than 91% year to date.
Fundamental Analysis and News:
Morgan Stanley raised its base case price target on Tesla ( NASDAQ:TSLA ) to $500 from $360 and the bull case target to $1,200 from $650.
The company has "significant addition optionality" through the truck, self-driving, battery technology, and solar markets.
Currently, TSLA is approaching an important all-time psychological of $1000.
It should be noted that the price action flashes a signal - the gaps that are in areas of the chart where a security's price either rises or falls from the previous day’s close, with no trading occurring in between. Gaps like these tend to get filled and indicates that a trend reversal is forming from to , and a downtrend could follow.
On the flip side, many stop-loses hold on in a $1000-1100 trading range and in case of achieve these points there will be a closing of sell positions at market prices, which opens up the gates for a further rally to target the next resistances up to $1600.
Remember to be cautious and to use proper risk management tactics to prevent any losses from unexpected market movements.
Resistance Levels: $1000, 1100, 1300, 1600
Gap levels: $655, 589, 514, 430, 255
Day's Range: 41.61 — 45.73
Market Cap: 154.068B
Stay tuned for future , news, updates, and more from EXCAVO
Thank you for the analysis.
I have a question about it: how can 1300 and 1600 be set as resistance if price never went there in the past?
Thank you in advance for your reply