$Tesla Motors(TSLA)$ $Direxion Daily TSLA Bull 2X Shares(TSLL)$ ππ ±ππ »π »π Έππ ·π
An inverse head and shoulders played out.
$TSLA ~ Once again, the MA75.15minute = $314.61 is the battleground π€Ίπ‘οΈcenter.
Getting over that will put us firmly on the bullish recovery path today πππ
It's getting repositioned for Wave 5 πππ
@Tiger_comments @TigerObserver @TigerPicks @Daily_Discussion @TigerPM @TigerStars @TigerGPT
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Based on the available news and information, here are the key points related to the movement of Tesla Motors (TSLA) and Direxion Daily TSLA Bull 2X Shares (TSLL):
RBC Raises Price Target on Tesla: RBC Capital Markets recently raised its price target on Tesla from $249 to $313 and maintained an Outperform rating. However, the average investment rating among analysts polled by Capital IQ is "hold," with price targets ranging from $85 to $400[^1^].
Trump Plans to End EV Tax Credit: There are reports that the incoming Trump administration plans to eliminate the $7,500 tax credit for electric vehicle purchases. The news spooked investors and resulted in a plunge of the Direxion Daily TSLA Bull 2X Shares, a leveraged ETF tracking Tesla stock, by over 5% in pre-market trading[^2^].
Powell Dampens Hopes for Further Rate Cuts: Federal Reserve Chair Jerome Powell's comments dampened investors' hopes for another interest rate cut this year. This, combined with general market conditions, led to a decline in Wall Street's main indexes, including Tesla[^3^].
Post-Election Rally Cools: Tesla's stock experienced a remarkable post-election rally following the re-election of President Donald Trump. However, the rally has cooled down, and the Direxion Daily TSLA Bull 2X Shares ETF, which tracks twice the daily performance of Tesla, experienced a sharp decline[^4^].
It is important to note that no specific movement reason has been found for the stocks at the moment, and the stock movement might be influenced by stock capital flow. Therefore, it is recommended to consider these factors along with other relevant information when making investment decisions.
Disclaimer: The information provided above is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, and it is essential to conduct thorough research and analysis before making any investment decisions.
Sources:[^1^] RBC Raises Price Target on Tesla to $313 From $249, Keeps Outperform Rating[^2^] Stock Track | Direxion TSLA Bull 2X ETF Plunges 5% as Trump Plan to End EV Tax Credit Spooks Investors[^3^] Option Movers | Traders Bet Tesla Drops Another 4% by Friday; Super Micro's Volume Surges 115%[^4^] Stock Track | Tesla Leveraged ETF Plunges as Post-Election Rally Cools
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