24H｜Tesla Stock Rallies 3%, Crossing the $400 Milestone in Overnight Trading

Tiger Newspress12-09

Tesla stock rose 3% in overnight trading, crossing the $400 milestone.

There doesn't seem to be much stopping Tesla from topping old highs. Fairlead Strategies founder and market technician Katie Stockton is looking at patterns that could see shares hit $429. The charts bode "well for new highs, above the 2021 high," she tells Barron's.

ChartSmarter founder and market technician Douglas Busch believes $480 is in play, adding that he's observed recent call buying in Tesla stock with a $710 strike price.

Call options give the holder the right to buy a stock at a fixed price in the future. Call buyers buying Tesla options at $710 are making a big bet on either the short-term stock move or volatility in Tesla stock -- or both. (Call buyers don't have to hold options to maturity. They can make money as stock prices gain or volatility picks up.)

"Too many [investors] are calling for a top," added Busch. It "won't happen until the chatter dies down."

Technical analysts aren't making fundamental calls on stock prices. They can help fundamentally minded investors understand what traders and other investors are thinking. Right now, the latter group is thinking Tesla stock can work higher.

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.

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a4xrbj1
12-09
a4xrbj1
Everyone can draw a straight line. That's not a proper analysis, apart from meme stock like Tesla a stock is bound to fundamentals

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The charts bode &#34;well for new highs, above the 2021 high,&#34; she tells Barron&#39;s.</p><p>ChartSmarter founder and market technician Douglas Busch believes $480 is in play, adding that he&#39;s observed recent call buying in Tesla stock with a $710 strike price.</p><p>Call options give the holder the right to buy a stock at a fixed price in the future. Call buyers buying Tesla options at $710 are making a big bet on either the short-term stock move or volatility in Tesla stock -- or both. (Call buyers don&#39;t have to hold options to maturity. They can make money as stock prices gain or volatility picks up.)</p><p>&#34;Too many [investors] are calling for a top,&#34; added Busch. It &#34;won&#39;t happen until the chatter dies down.&#34;</p><p>Technical analysts aren&#39;t making fundamental calls on stock prices. They can help fundamentally minded investors understand what traders and other investors are thinking. Right now, the latter group is thinking Tesla stock can work higher.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>24H｜Tesla Stock Rallies 3%, Crossing the $400 Milestone in Overnight Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n24H｜Tesla Stock Rallies 3%, Crossing the $400 Milestone in Overnight Trading\n</h2>\n\n<h4 class=\"meta\">\n\n2024-12-09 13:03 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla stock rose 3% in overnight trading, crossing the $400 milestone.There doesn't seem to be much stopping Tesla from topping old highs. 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Fairlead Strategies founder and market technician Katie Stockton is looking at patterns that could see shares hit $429. The charts bode \"well for new highs, above the 2021 high,\" she tells Barron's.ChartSmarter founder and market technician Douglas Busch believes $480 is in play, adding that he's observed recent call buying in Tesla stock with a $710 strike p","content":"<html><head></head><body><p>Tesla stock rose 3% in overnight trading, crossing the $400 milestone.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1834b5a6eda94a815f6fe4fcaa07836c\" tg-width=\"738\" tg-height=\"595\"/></p><p>There doesn&#39;t seem to be much stopping Tesla from topping old highs. Fairlead Strategies founder and market technician Katie Stockton is looking at patterns that could see shares hit $429. 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Right now, the latter group is thinking Tesla stock can work higher.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>24H｜Tesla Stock Rallies 3%, Crossing the $400 Milestone in Overnight Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n24H｜Tesla Stock Rallies 3%, Crossing the $400 Milestone in Overnight Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-12-09 13:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Tesla stock rose 3% in overnight trading, crossing the $400 milestone.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1834b5a6eda94a815f6fe4fcaa07836c\" tg-width=\"738\" tg-height=\"595\"/></p><p>There doesn&#39;t seem to be much stopping Tesla from topping old highs. Fairlead Strategies founder and market technician Katie Stockton is looking at patterns that could see shares hit $429. The charts bode &#34;well for new highs, above the 2021 high,&#34; she tells Barron&#39;s.</p><p>ChartSmarter founder and market technician Douglas Busch believes $480 is in play, adding that he&#39;s observed recent call buying in Tesla stock with a $710 strike price.</p><p>Call options give the holder the right to buy a stock at a fixed price in the future. Call buyers buying Tesla options at $710 are making a big bet on either the short-term stock move or volatility in Tesla stock -- or both. (Call buyers don&#39;t have to hold options to maturity. They can make money as stock prices gain or volatility picks up.)</p><p>&#34;Too many [investors] are calling for a top,&#34; added Busch. It &#34;won&#39;t happen until the chatter dies down.&#34;</p><p>Technical analysts aren&#39;t making fundamental calls on stock prices. They can help fundamentally minded investors understand what traders and other investors are thinking. Right now, the latter group is thinking Tesla stock can work higher.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127704962","content_text":"Tesla stock rose 3% in overnight trading, crossing the $400 milestone.There doesn't seem to be much stopping Tesla from topping old highs. Fairlead Strategies founder and market technician Katie Stockton is looking at patterns that could see shares hit $429. The charts bode \"well for new highs, above the 2021 high,\" she tells Barron's.ChartSmarter founder and market technician Douglas Busch believes $480 is in play, adding that he's observed recent call buying in Tesla stock with a $710 strike price.Call options give the holder the right to buy a stock at a fixed price in the future. Call buyers buying Tesla options at $710 are making a big bet on either the short-term stock move or volatility in Tesla stock -- or both. (Call buyers don't have to hold options to maturity. They can make money as stock prices gain or volatility picks up.)\"Too many [investors] are calling for a top,\" added Busch. It \"won't happen until the chatter dies down.\"Technical analysts aren't making fundamental calls on stock prices. They can help fundamentally minded investors understand what traders and other investors are thinking. 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