$Direxion Daily TSLA Bull 2X Shares(TSLL)$
$Tesla Motors(TSLA)$ πΊπ ±οΈππ »π »π Έππ ·πΊ
πππ TSLL Swing Trade: Locking in Gains on Teslaβs Wave 5 Momentum in a 1 day swing trade! πππ
Kia ora Tiger traders! I completed a one-day swing trade in $TSLL, locking in +8.50% gains πβ¨ Tesla is in Wave 5, testing the $400 band level, and I secured profits at a key resistance zoneβthough I had to chase it slightly to optimise the exit π
π Key Trade Highlights:
β’ Entry Price: $28.32
β’ Outcome: Locked in quick, leveraged gains within the day!
Teslaβs Elliott Wave pattern continues to play out beautifully, with Wave 5 showing strong momentum toward higher levels β‘ TSLLβs 2x leverage amplified the move, making this a sharp, high-potential trade ππ₯
TSLA is shaping up like an inverse head and shoulders, a classic bullish pattern ππ₯ Itβs showing strong momentum and looks like itβs ready to push for a higher high π Letβs see how this plays outβcould be setting up for another breakout! Double Bounces! Has to hold $403.00. Looks like it's breaking out!πππ
π¬ Are you riding Teslaβs Wave 5 or positioning for the next setup? Letβs strategise and plan the next big moves together!
If you like this setup, follow me for more sharp trades like this ππ Iβm always on the lookout for high-potential setups, leveraging technical patterns and momentum to lock in gains πππ Letβs trade smarter together!
Cheers to locking in gains and catching the next breakout! πππππ
Happy trading ahead! Cheers BC πππππ
@Tiger_comments @TigerObserver @TigerPicks @TigerStars @Daily_Discussion @TigerPM @TigerGPT
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The recent upward movement in Tesla's stock price can be attributed to several factors. Here are the key points:
Chinese sales data and Wall Street support: Tesla's stock has been rising for the fifth consecutive day, with Chinese sales data and positive sentiment from Wall Street contributing to the upward momentum. In China, the adoption of electric vehicles (EVs) has been growing rapidly, and Tesla has been performing well in the market. The recent sales data suggests strong demand for Tesla's EVs in China, which has been positively received by investors. Additionally, Morgan Stanley analyst Adam Jonas raised the price target on Tesla stock from $310 to $400 and named it his top pick with a Buy rating, further boosting investor confidence in the company.
Optimistic analyst views: The ETF tracking 2x the daily performance of Tesla stock, Direxion Daily TSLA Bull 2X Shares (TSLL), has surged 5.06% due to optimistic analyst views on Tesla's prospects. Analysts are particularly optimistic about the potential launch of a more affordable electric vehicle model by Tesla, which has influenced investors' thinking and contributed to the positive momentum in the stock.
Tesla's fundamental outlook and future prospects: Analysts and investors are optimistic about Tesla's fundamental outlook, including its progress in developing autonomous driving capabilities and artificial intelligence. Tesla's technological advancements and its focus on innovation have generated positive sentiment in the market, with expectations that the company could reach new record highs.
It's important to note that the mentioned news articles provide insights into the possible reasons behind the stock's movement. However, it's always recommended to conduct thorough research and consider multiple factors before making any investment decisions.
Please be aware that the information provided is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, and it's essential to carefully evaluate your investment decisions based on your individual financial circumstances and risk tolerance.
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Great article, would you like to share it?
Great article, would you like to share it?