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TESLA 300 BY DECEMBER ? NASDAQ:TSLA TESLA 300 BY DECEMBER Tesla had a challenging first half of 2024, with its stock facing headwinds. However, there are signs that the electric vehicle (EV) maker could be on the path to recovery. Here’s what Wall Street analysts and experts are saying: Q2 Deliveries: Tesla reported second-quarter deliveries of 443,956 vehicles, surpassing analysts’ estimates of 436,000. While this is a decline from previous quarters, it’s better than expected. Investors view this as a positive sign for the company’s future prospects. Energy Storage Boost: Tesla increased its energy storage capacity to an all-time high during Q2. This development is particularly significant because it suggests that Tesla could benefit from increased energy demand driven by the AI boom. As artificial intelligence accelerates, energy demand and electricity generation are expected to rise, potentially benefiting Tesla Energy. AI Developments: Investors are closely watching Tesla’s advancements in artificial intelligence. The company’s Robotaxi and other AI initiatives could be the next growth drivers. Morgan Stanley strategists have even speculated about Tesla getting its mojo back, with clients asking about positive catalysts for the future.
NASDAQ:TSLALong
by NYRUNSGLOBAL
CRTM - GOLDEN CROSS, TARGET 22/- & 34/-CRTM - ICHIMOKU CLOUD BREAKOUT + GOLDEN CROSS + BULLISH CROSS, TARGET: 21.50 - 22.50 - 26.00 - 34.00 LEVELS, SL: 13.00 CRTM is showing multiple bullish signals including a Golden Cross, Bullish Cross, and breaking out of the ICHIMOKU Cloud. The targets are set at 21.50, 22.50, 26.00, and 34.00 levels with a stop loss at 13.00. The breakout from a 4-month descending channel coupled with breaching the Ichimoku Cloud above 14.44 signifies a strong and potential rally, projecting an upside of 30% to 51.00%. The forecasted targets are 21.50, 26.00, and 34.00 levels. Indicators such as MACD, RSI, and oscillators are all signaling bullish momentum. Nonetheless, immediate support is observed at the 13.00 level; any breach below will invalidate this bullish bias.
PSX:CRTMLong
by tradeflowadvisors
HUBC - BEARISH REVERSAL WITHIN A BULL FLAG HUBC is currently trading within a Bull Flag pattern, with the price encountering resistance below 118.30. Multiple resistance levels are preventing a breakout from the flag resistance zone. The price appears poised for a bearish reversal towards the levels of 111.80 to 102.70. It is probable that the flag channel's bottom support around 104 / 102 levels will be tested. Consider selling with a STOPBUY set above 119. Targets: 112.70, 111.30, 108.00, and 104.
PSX:HUBCShort
by tradeflowadvisors
PSX | InformativeNYSE:PSX Overall Trend: The stock has been following an upward trend, as evident from the upward-sloping blue trendline. This suggests bullish momentum. Candlesticks: We see a mix of bullish and bearish candles, but the bullish candles are larger in body, suggesting stronger buying pressure. The large blue candlestick in the recent period might indicate strong buying interest. Moving Averages: The stock is trading above both the short-term and long-term moving averages, which is a bullish indicator. The moving averages are also in an upward trajectory, further affirming the bullish momentum. Support and Resistance: Bullish Line (Resistance turned Support): The stock has broken above the "Bullish Line" at 116.77 USD, turning it into a potential support. Bearish Line (Resistance): At 115.23 USD, if the stock moves downwards, this could be a resistance point to watch. Price Targets: Target Price 1: 113.80 USD - If there's a pullback, this could be a potential lower target. Target Price 2: 111.56 USD - A further downward target if the stock faces more selling pressure. Target Price 1: 118.50 USD - An upward target if the bullish momentum continues. Target Price 2: 119.78 USD - A higher potential target with continued bullish activity. Volume: A significant spike in volume accompanies the large bullish candlestick, suggesting strong buying interest. RSI (Relative Strength Index): The RSI is hovering around the middle range. It's not in the overbought or oversold territories, suggesting that there's room for the stock to move in either direction. Summary: The stock shows signs of bullish momentum, with strong buying interest evident from the recent large bullish candlestick and the upward trend. The break above the Bullish Line is a positive sign. However, it's essential to watch for potential pullbacks towards the bearish line and monitor the stock's movement in conjunction with real-world news or financial data related to Philips 66.
NYSE:PSX
by shkspr