With Trump leading at the time of posting, $Tesla Motors(TSLA)$ is also climbing during Asian trading hours.
In my previous article on Tesla, I noted:
– Even if the price doesn’t break through initially, consolidation near the upper zone (around $265-$276) would indicate strong underlying momentum.– Another potential resistance exists near $278, a recent high.
Here’s an update:
1. As predicted, the price did consolidate, though in a lower range, with a low around $240.
2. At the time of posting, pre-market trading is around $283, meaning the price has broken above the resistance level at $278, signaling strength.
Looking ahead, keep an eye on Tesla for a potential cup-and-handle pattern, a bullish continuation that suggests further upward movement.
Key points to watch:
– Price should close firmly above $280
– Predicted resistance levels are $314 and $336
TSLA a possible bullish cup and handle pattern
What can you do during Asia hour if you want to trade Tesla now?
Societe Generale offers Daily Leverage Certificates (DLCs), enabling you to trade during Singapore Exchange (SGX) trading hours, from 9:00 am to 5:00 pm.
Attached are the DLCs for Tesla.
$TESLA 3xLongSG261006(TSYW.SI)$
$TESLA 3xShortSG261006(TSXW.SI)$
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For more information about DLCs, visit https://dlc.socgen.com/en/education/handbook
Disclaimer:
This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only.
This advertisement has not been reviewed by the Monetary Authority of Singapore. This post is sponsored by Societe Generale, Singapore Branch. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.
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