$Tesla Motors(TSLA)$ $GraniteShares 1.25X Long TSLA Daily ETF(TSL)$ $Direxion Daily TSLA Bull 2X Shares(TSLL)$
✨🚗⚡ 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 provided, it appears that Tesla (TSLA) is currently trading at $225.95 with a slight dip of -0.10% in pre-market trading. The analysis suggests that Tesla may experience a major breakout in the near future, especially with the upcoming Robotaxi launch on October 10th.
Here are some key levels and factors to consider:
Fibonacci Levels:
67.20% Fib Resistance: 226.71
50% Fib Support: 222.37
Psychological Barrier: 230
Ichimoku Cloud Support:
Tesla has held its Ichimoku Cloud support at 225.01, indicating bullish momentum.
Pivot Points:
Daily Pivot: 223.22
Daily R1: 229.93
Weekly R1: 228.49
Price Target:
Morgan Stanley has a bullish target of $310 for Tesla.
Based on the analysis, if Tesla breaks above the 67.20% Fib resistance at 226.71, it may push towards 230 and beyond. However, there may be intermediate resistance at the Weekly R1 level of 228.49.
It is important to monitor trading volume and watch for confirmation of a breakout. Additionally, Tesla's innovations in autonomous driving and AI, as well as its disruptive technologies, position the company for exponential growth.
Please note that the information provided here is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, and it is important to conduct thorough research and consult with a financial advisor before making any investment decisions.
Disclaimer: The information provided here is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, and it is important to conduct thorough research and consult with a financial advisor before making any investment decisions.