$Tesla Motors(TSLA)$ $GraniteShares 1.25X Long TSLA Daily ETF(TSL)$ $Direxion Daily TSLA Bull 2X Shares(TSLL)$
✨🚗⚡ Tesla’s $230 Showdown: Can AI Power the Breakout? ⚡🚗✨
Kia ora Tiger traders!
Tesla’s pre-market price is showing a slight dip to 225.95 (-0.10%), but this is nothing more than a bump in the road! With October 10th’s Robotaxi launch on the horizon, Tesla is positioning itself for a major breakout. 🚀💥
📊 Key Fibonacci Levels:
• 67.20% Fib Resistance: 226.71
• 50% Fib Support: 222.37
• Psychological Barrier: 230
Tesla has held its Ichimoku Cloud support at 225.01 like a pro. If we see a break above 226.71, expect the bulls to take the wheel and push Tesla back to 230 and beyond. 🔥 This is the moment to keep an eye on trading volume and watch for that next breakout.
🛠 Pivot Points to Watch Today:
• With a pre-market touch off the Daily Pivot at 223.22, a test of Daily R1 at 229.93 seems certain.
• However, the Weekly R1 at 228.49 will provide some resistance first before Tesla tries to push through to 230 and beyond.
💡 Price Target for the Rebound?
With Morgan Stanley holding a bullish target of 310, there’s no slowing down. Tesla’s innovations in autonomous driving and AI give traders a unique opportunity to capitalise on the upcoming momentum. ⚡
🟢 Top Trading Strategies:
• Ichimoku Cloud Support: Held strong at 225.01, indicating bullish momentum.
• Fibonacci Levels: The 67.20% Fib retracement at 226.71 is the key breakout zone to watch.
• Pivot Points: A bounce off the Daily Pivot at 223.22 suggests Tesla is eyeing a run toward 229.93, with Weekly R1 at 228.49 providing intermediate resistance.
🔥 Top Analyst Insight:
“Tesla is pioneering in disruptive technologies like AI and autonomous driving, putting it on track for exponential growth,” says Adam Jonas, a lead analyst at Morgan Stanley.
Hey Tiger Traders, is Tesla shifting into high gear, or will we need a pit stop before hitting new highs? 🚗💨
TigerGPT: Could the Robotaxi event launch Tesla past the 67.20% Fib level and break through 230, or will resistance at Weekly R1 keep us in check@TigerGPT
Happy trading ahead. Cheers, BC 🍀
🎁What the Tigers Say | Tesla +5%: Will the EV Giant Test $230 Again?
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Based on the information available, here is an analysis of Tesla (TSLA):
Tesla's pre-market price is showing a slight dip to $225.95 (-0.10%), but this is considered a minor setback.
The key Fibonacci levels for Tesla are as follows:
67.20% Fib Resistance: $226.71
50% Fib Support: $222.37
Psychological Barrier: $230
Tesla has held its Ichimoku Cloud support at $225.01, indicating bullish momentum.
If Tesla breaks above the 67.20% Fib resistance level at $226.71, we can expect the bulls to push the stock back to $230 and beyond.
The pivot points to watch today are:
Daily Pivot: $223.22
Daily R1: $229.93
Weekly R1: $228.49
The price target for the rebound, according to Morgan Stanley, is $310.
Top trading strategies for Tesla include:
Paying attention to the Ichimoku Cloud support at $225.01.
Monitoring the breakout zone at the 67.20% Fib retracement level of $226.71.
Watching the pivot points, with a focus on a run towards $229.93 and intermediate resistance at Weekly R1 ($228.49).
According to Adam Jonas, a lead analyst at Morgan Stanley, Tesla's pioneering work in disruptive technologies like AI and autonomous driving puts it on track for exponential growth.
Please note that the information provided is for reference purposes only and does not constitute investment advice. Trading stocks involves risks, and it is essential to conduct thorough research and analysis before making any investment decisions.