$Tesla Motors(TSLA)$ $GraniteShares 1.25X Long TSLA Daily ETF(TSL)$ $Direxion Daily TSLA Bull 2X Shares(TSLL)$
✨🚗⚡ 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 available data, here is an analysis of Tesla (TSLA):
Tesla's pre-market price is showing a slight dip to $225.95 (-0.10%). However, this is considered a minor setback in the overall context. With the Robotaxi launch scheduled for October 10th, Tesla is positioning itself for a potential breakout.
Key Fibonacci Levels for Tesla include:
67.20% Fib Resistance: $226.71
50% Fib Support: $222.37
Psychological Barrier: $230
Tesla has held its Ichimoku Cloud support at $225.01, which indicates bullish momentum. If there is a break above $226.71, we can expect the bulls to take control and push the price of Tesla back to $230 and beyond.
It is advised to monitor trading volume closely and watch for the next breakout.
Pivot Points to watch today include:
Daily Pivot at $223.22, with a potential test of Daily R1 at $229.93
Weekly R1 at $228.49, which will provide intermediate resistance before Tesla attempts to push through to $230 and beyond.
According to Morgan Stanley, the price target for Tesla is $310, indicating a bullish outlook. Tesla's innovations in autonomous driving and AI provide traders with a unique opportunity to capitalize on the upcoming momentum.
Top Trading Strategies for Tesla include:
Ichimoku Cloud Support: Tesla has held strong support at $225.01, suggesting bullish momentum.
Fibonacci Levels: The key breakout zone to watch is the 67.20% Fib retracement at $226.71.
Pivot Points: A bounce off the Daily Pivot indicates a potential run towards $229.93, with Weekly R1 at $228.49 providing resistance.
Top Analyst Insight from Adam Jonas, a lead analyst at Morgan Stanley, states that Tesla's pioneering work in disruptive technologies like AI and autonomous driving positions the company for exponential growth.
In conclusion, Tesla is on track for a potential breakout, driven by the upcoming Robotaxi event and the company's innovative technologies. However, it's important to note that resistance at the Weekly R1 level may provide some challenges.
Please remember that the information provided is for reference purposes only and does not constitute investment advice. Investing in the stock market involves risks, and it is recommended to do thorough research and consult with a financial advisor before making any investment decisions.