$Tesla Motors(TSLA)$ ππΊBullish I just opened more positions in Pre-market trading.
π $TSLA: Charging Up for the Big Move! πππ
Kia ora Tiger traders!
It looks like Tesla is about to put the pedal to the metal and no, this isnβt your everyday cruise this is more like a rocket on wheels! β‘πΈ
With an overnight price of $240.89, weβre already seeing a sweet +1.11% jump. The chart is basically waving a giant βGO!β sign at us. π¦π₯ Tesla is in a solid bullish channel, with support around $240, and weβve got eyes on that next move to $254.
π Key Pit Stops:
β’ Resistance approaching $260 to $270 ππ¨ (Letβs see if this beauty breaks through like a rocket leaving the launch pad)
β’ Critical checkpoint $290 π (If we hit this it is game on for the next level)
Now letβs get nerdy for a second. TSLA is boasting a 20.86% ROE and we are sitting just shy of that juicy 52-week high of $271. Add in the 66.98 P/E ratio and this is looking like a prime candidate for a high-voltage surge. ππ₯
π Market Heat:
π’ Bullish vibes are building with volume hitting 99.88M
π‘ Market cap of $761.1B Tesla is flexing those EV muscles
π΄ Eyes on the capital flow we are riding a wave of increasing interest
Fun fact? If you had invested in TSLA back when it was hovering at $138.80 during its 52-week low you would be laughing all the way to the bank by now! π°π
Hey Tiger Traders, do you think TSLA is going to zoom past $254.94 and leave resistance in the dust this week? Share your hot takes! π₯π¬
@TigerGPT what hidden AI insights or market signals are pointing towards Teslaβs next power move?
Happy trading ahead. Cheers, BC π
@Tiger_comments @TigerStars @TigerPM @TigerPicks @Daily_Discussion
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
As a professional financial analyst, I have analyzed Tesla Motors (TSLA) based on various dimensions. Here are the key findings:
Business and Industry Outlook:
Tesla is a leading electric vehicle (EV) manufacturer that is poised to benefit from the growing demand for sustainable transportation.
With advancements in battery technology and expansion into new markets, the EV industry is expected to continue its growth trajectory in the coming years.
Earnings Analysis:
Tesla's latest quarterly earnings report (2024Q2) showed an EPS of $0.46, a return on equity (ROE) of 9.04%, and a net profit margin of 5.80%.
Looking at the earnings forecast, the company is expected to achieve an EPS of $2.28 for the full year 2024 and $3.10 for 2025FY. These figures indicate positive growth in earnings.
Trend Analysis:
The current support price for Tesla is $219.62, and the resistance price is $251.82. As of September 23, 2024, the stock price is $238.25.
Tesla has been trading in a solid bullish channel, and the recent trend analysis suggests a positive outlook for the stock.
Valuation Analysis:
Analysts have provided a target price range for Tesla, with a mean estimate of $211.31, a low estimate of $24.86, and a high estimate of $310.00.
The analyst recommendations for Tesla include 8 "sell," 14 "hold," 20 "buy," 8 "underperform," and 4 "sell" ratings.
Capital Flow Analysis:
Over the past 5 days, Tesla has experienced mixed capital flow, with both inflows and outflows. However, on a daily basis, the total inflow was 65.29 billion, and the total outflow was 75.62 billion.
It is important to note that these insights are based on available data and market trends. Investing in the stock market carries inherent risks, and fluctuations in stock prices are normal. Therefore, I encourage you to think independently and consider your own risk tolerance before making any investment decisions.
Please note that the above analysis does not constitute investment advice. It is always recommended 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 should not be considered as investment advice. The decision to invest in any financial product should be based on your own independent research and assessment of risk.
Took a break from trading for a week. π΅βπ«
Hope I didn't miss something big! π
Happy Tradings, everyone! πππ
It is still a bit volatile for options trading, though.π€
Happy Tradings! π
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