1.$Tesla Motors(TSLA)$ stood on MA60
$Tesla Motors(TSLA)$ ranked NO.1 in terms of trading volume in the US stock market on Tuesday. It closed up 4.51% on Tuesday, with a turnover of $35.62 billion.
Judging from the news, $Tesla Motors(TSLA)$ ’s official announced on Tuesday that Tesla’s charging network in mainland China has been opened and expanded. The home charging product series, destination charging stations, and supercharging stations support more non-Tesla vehicles.
And $Tesla Motors(TSLA)$ China weekly insurance registrations came in at 16.7k (+2.5% vs 16.3k in the prior week). This implies QTD -1.8% vs the prior quarter (Q3). However, this is 9.0% ahead of 2Q which ended up as the all-time best sales quarter for Tesla!
On Nov.22, I posted "🎁Once $TSLA Stood Above the 60SMA, it Can Accelerate an Elliott Wave 5?"
Based on the latest stock price trend, $Tesla Motors(TSLA)$ challenged and stood on MA60 for the third time in the past two weeks on Tuesday.
This appears to be a good sign, as $Tesla Motors(TSLA)$ is the only stock in the top 10 by market capitalization that has not reached the MA60.
2.Regarding Tesla’s trend performance:
some investors commented as follows（Not financial advice）:
Some are saying this is an exact 2 year long inverse head and shoulder on weekly chart Probably heading to $400 to $500 stock price over several weeks to months.
Jake pointed $Tesla Motors(TSLA)$ is ascending triangle on the daily chart.
Source: X platform
Some said: It is repeating the same pattern almost to the penny here. We will check back in a couple weeks to see how it unfolds. Good luck!
BACH said it is possibly one of the best looking setups out there!
Source: X platform
If we see a pullback to the sweet spot between 230.61-231.46 and it holds strong,
Source: X platform
3.Question for tigers：
Do you think $Tesla Motors(TSLA)$ is nearing break out territory for the initial bull flag with the macro looks great?
Comments
The whole EV sector is regaining great momentum right now, with all the positive news. The correction has been lasted for quite some time and the current valuation seems to be healthier right now, compared to few months ago.
For the case of Tesla, the answer is definitely a YES for it to accelerate and breakout, it is just a matter of time without doubt. The next target price will be around 300 USD.
EV sector is the future trend, all the car on road will be EV cars for next decades, the market is very very big and do expect more revenue boost for all the EV makers. Therefore I am bullish for all these EV companies like TSLA, Nio, $Li Auto(LI)$
This appears to be a good sign, as $Tesla Motors(TSLA)$ is the only stock in the top 10 by market capitalization that has not reached the MA60.
come comment and win coins [smile] [smile] [smile]
$Tesla Motors(TSLA)$
Tesla, Inc.'s Semi rollout has been slow with only a rumored 36 trucks delivered to PepsiCo, far from the projected 50,000 units by 2024. Lack of demand, poor design, and production quality issues may be contributing to the slow ramp-up of the Tesla Semi. Tesla, Inc.'s price cuts have failed to boost sales and have resulted in reduced revenue and lower profit margins. Sales in Q4 are not trending towards new records, raising concerns about meeting analyst forecasts. Tesla's quality and service issues, including safety concerns and poor customer service, need to be addressed for long-term success.