Tesla will like soar to new height
Tesla stock has broken 2 levels of monumental resistance started in May of 2024 and its poised to retest ATH soon.
$TSLA Weight by Institutions :
Currently, institutional holding of $TSLA stock is less than 42% the lowest ever of any mega cap held by institutions. that's down 28% from 2021.
S&P500 Index Funds:
There's noticeable Tesla underweight by index funds -There's upcoming mandatory rebalancing may cause a Squeeze.
Short Volume (NotShort Interest)
Last reported was over 23.7B by S4 my calculation 28B physical shares with unknown synthetic shares are still embedded in the float (2.9B vs 3.2B)
Technicals:
Extremely similar to 10/2019 on (M) chart - see below before the stock squeezed to over 10X in the following 18mons.
FOMO
Hasn't started yet but will over $300.
PT $550-$750 (2025-2026) time to target and time in target may vary with an average of 18mons.
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