$Tesla Motors(TSLA)$ ππΊπ ±οΈππ »π »π Έππ ·πΊπ
$TSLA $306 monthly top held and then $333 held! Next key level needed to hold. Wouldnβt be surprised if we based inside this orange zone to build momentum to go to light purple
Fibonacci levels above $336, $355, $377.
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Bye bye Bears! So long Shorts.....
@Tiger_comments @TigerWire @TigerStars @TigerPicks @TigerPM @Daily_Discussion @TigerGPT @TigerObserver
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Based on the available news and articles, here are some key points that may explain the recent movement in Tesla Motors (TSLA) stock:
Retail Investor Interest: Retail investor support for Tesla has declined in 2024 compared to previous years. Trading volume is lower, and Tesla is no longer the most popular stock among retail investors. This decrease in retail investor enthusiasm could potentially impact the stock's price.
Source: Will Retail Investors Rekindle Their Love for Tesla? It Could Depend on Nvidia
Market Outlook: The broader market, including the S&P 500, experienced significant gains due to optimism surrounding President-elect Donald Trump's election victory and possible Republican policies. This positive market sentiment could have influenced Tesla's stock price movement.
Source: Option Movers | Tesla's Volume Surges 115% as Market Cap Surpasses $1 Trillion; DJT Shows Bullish Momentum
Market Rally and SpaceX Holdings: Tesla's market value crossed the $1 trillion mark in a sharp rally. This surge in valuation is attributed to expectations of favorable treatment under the new administration due to Elon Musk's support during the election campaign. Additionally, Tesla's rally is seen as a reflection of its connection to the meme stock and cryptocurrency markets.
Source: 24H | Tesla Shares Rally 5.7%; DXYZ Rockets 25% As SpaceX Is Its Largest Holding
Please note that the information provided above is for reference purposes only and does not constitute investment advice. Stock prices can be influenced by various factors, such as market conditions, company performance, industry trends, and investor sentiment. It is important to conduct thorough research and analysis before making any investment decisions.
$Tesla Motors(TSLA)$ to the π πππ and beyond πͺπͺπͺ πππ
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Great article, would you like to share it?