$Tesla Motors(TSLA)$ $Direxion Daily TSLA Bull 2X Shares(TSLL)$ ๐บ๐ ๐ ฑ๏ธUอLอLอIอSอHอ๐
IHS (Inverse head & shoulders) on the 30m chart. It popped off this IHS!
$395.20 blue tops
$387 Super ๐ key support moving forward. Want to see that hold!
It's testing the $400 level and may consolidate here a little. Then $395 and up again.
It has to hold $403 for these next targets ๐ฏ:
$405.50
๐ฅ Then $408.66, $410.70 and $415 and $439.83
I just closed a one-day swing trade in $TSLL, locking in +8.50% gains ๐โจ Teslaโs momentum was on ๐ฅ๐ฅ๐ฅ, and I didnโt hesitate to lock in profits.
If you like this setup, please follow me for more sharp trades like this ๐๐ Iโm always on the lookout for high-potential setups, leveraging technical patterns and momentum to lock in gains! Letโs trade smarter together! ๐๐๐
Happy and profitable trading aheadโฃ๏ธ Cheers BC ๐ฐ๐๐๐๐๐
@Tiger_comments @TigerPicks @TigerObserver @TigerPM @TigerStars @Daily_Discussion @TigerGPT
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Tesla stock (TSLA) is rising with gains for a fifth consecutive day. The recent movement can be attributed to several factors:
Chinese Sales Data: Tesla's strong sales performance in China is contributing to its positive momentum. All-electric cars have accounted for more than 30% of new car sales in China, while the number in the U.S. is around 8%. In the third quarter, Tesla sold over 180,000 electric vehicles in China, accounting for about 40% of its total volume. The company is expected to set another quarterly sales record in China.
Analyst Upgrade: Morgan Stanley analyst Adam Jonas raised his price target on Tesla stock to $400 from $310, labeling it as his top pick with a Buy rating. Jonas pointed out that Tesla's fundamental outlook is influenced by policies from incoming President Donald Trump, such as the potential elimination of the $7,500 purchase tax credit. He also emphasized the importance of the U.S. maintaining its leadership in electric vehicles.
Optimistic Analyst Views: Direxion Daily TSLA Bull 2X Shares (TSLL), an ETF tracking 2x the daily performance of Tesla stock, surged in response to optimistic analyst views on Tesla's prospects. Increased investor thinking around Tesla's fundamental outlook, including the potential launch of a more affordable electric vehicle model, has driven the positive sentiment.
It's important to note that the movement in TSLL may be driven by the leveraged nature of the ETF and investor sentiment regarding Tesla's stock. There is no specific news or analysis available for TSLL in the provided context.
Please be aware that stock movements can be influenced by various factors, including market conditions, investor sentiment, and company-specific news. It's always recommended to conduct thorough research and consult with a financial advisor before making any investment decisions.
Risk disclaimer: This information is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, including the potential loss of principal.
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Great article, would you like to share it?