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Tesla

  • TSLA

  • $340.37

  • -0.49%

  • $343.81

  • $347.99

  • $335.28

Upticks
Granny Shots

Ticker Appearances

Fri, November 15, 2024 | 1:03PM ET

⚡ FlashInsights

Fri, November 15, 2024 | 1:03PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
TSLA -0.49%  also setting up as an attractive risk/reward after just fractional consolidation. Many might view this as a big selloff this week, but in the bigger scheme of things following its 11/4-11/11 rally of about 119 points, this minor 3 day consolidation has barely given up 38.2% of the prior advance just from early November. I expect a bottoming in TSLA next week and rally to 369 - 383 into late November/early December. If this were to happen, than a larger period of consolidation might be likely but the stock remains highly attractive technically, even if it doesn't bottom today and sells off further to $300. the risk reward has gotten much better as part of an accelerating momentum situation.
Tickers
Wed, November 6, 2024 | 4:24PM ET

⚡ FlashInsights

Wed, November 6, 2024 | 4:24PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
TSLA -0.49%  broke out of the same triangle as many indices and ETF's today. Exceeding 271 helped this to reach the highest levels since early 2023 and suggests a move up to 300-2 initially then 314-5 before some consolidation. Great structural move and very heavy volume today, not dissimilar from its July breakout. 314 is important as it's a 100% alternative projection of the April-July rally from the August lows. The fact that TSLA closed near its highs of the day following the opening gap is also constructive for the days ahead.
Tickers

Daily Technical Strategy
Mon, October 28, 2024 | 7:13PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Technology has achieved a minor breakout ahead of Earnings

EQUITY TRENDS REMAIN BULLISH BUT FRAGILE AS WE NEAR THE END OF OCTOBER.  STOCKS, TREASURY YIELDS, AND THE US DOLLAR LOOK TO ALL BE CLOSE...

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