While Tesla has produced a very good return since the first of the year it has been kind of a wild ride and unless you bought Tesla on 1/4/2023 and held it, it has been had to make a profit. By using this chart I have bought shares and options and have managed realized gains on Tesla for the year of over $12,000.
The 3 momentum indicators, RSI, Stochastic, and MACD crossover are positive and all 3 in buy zones. The moving averages, 20 purple, 50 yellow, 200 red, are inverted with the 200 on top and 20 on bottom. The 20 is starting to rise toward the 50 and the 50 likewise toward the 200. Volume has picked up a little over the last 3 days and share prices have started to rise just passing the 50 day SMA and pivot point. I am looking for Tesla stock to rise to somewhere around the $320 mark.
If you have any questions please let me know.
The 3 momentum indicators, RSI, Stochastic, and MACD crossover are positive and all 3 in buy zones. The moving averages, 20 purple, 50 yellow, 200 red, are inverted with the 200 on top and 20 on bottom. The 20 is starting to rise toward the 50 and the 50 likewise toward the 200. Volume has picked up a little over the last 3 days and share prices have started to rise just passing the 50 day SMA and pivot point. I am looking for Tesla stock to rise to somewhere around the $320 mark.
If you have any questions please let me know.