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2023-02-09

Tesla Stock Tops $200. Here’s What Happens Next

Tesla stock just won't stop going up. Shareholders should feel happy, but they should keep asking th

Tesla Stock Tops $200. Here’s What Happens Next

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Here’s What Happens Next","url":"https://stock-news.laohu8.com/highlight/detail?id=2310402185","media":"Dow Jones","summary":"Tesla stock just won't stop going up. Shareholders should feel happy, but they should keep asking th","content":"<html><head></head><body><p>Tesla stock just won&#39;t stop going up. Shareholders should feel happy, but they should keep asking themselves what comes next.</p><p>Shares closed higher 2.3% at $201.29 on Wednesday. The S&amp;P 500 and Nasdaq Composite dropped 1.1% and 1.7%, respectively. Tesla stock (ticker: TSLA) is now up 63% year to date, and up 98% from its Jan. 6 52-week intraday low of $101.81.</p><p>It&#39;s been quite a run. The last time Tesla stock closed above $200 was Nov. 4. The last time shares touched $200 was Nov. 15. Still, the stock looks like it&#39;s due for a pause.</p><p>&#34;Tesla is into resistance at the $200 level, former support, from where it broke down in early November,&#34; says John Roque, senior managing director at 22V Research and market technician. &#34;Former support often becomes new resistance.&#34;</p><p>Roque isn&#39;t a fundamental analyst. His is looking at stock charts to figure out investor sentiment and what could happen next. He is also the technical analyst who thought Tesla stock would approach $100, which they did in early January.</p><p>&#34;The preceding crash and current spike have been as symmetrical as possible over a two-month time frame,&#34; says CappThesis founder and market technician Frank Cappelleri. &#34;The downturn got the stock overly depressed, and the subsequent four-week rally also appears overextended short term.&#34;</p><p>He also believes Tesla stock is due for a pause, calling shares overbought. That&#39;s a term technicians uses to describe a situation when stocks rise a lot over a short period of time. At certain levels, it can mean all the buying is done, for a while.</p><p>A pause for a technician can last anywhere from two weeks to two months. Typically something new has to happen to shake the stock out of a trading band.</p><p>One thing that could do that is the company&#39;s coming investor event on March 1. Management should be talking about new platforms, plants and the coming Cybertruck there.</p><p>Maybe Tesla stock should pause, but it doesn&#39;t obey all the rules. Shares are still about $24, or 10%, below the level where Tesla CEO Elon Musk bought Twitter. Late in 2022 he said he would find a new leader for his social media network. If he does, it could give Tesla shares a boost.</p><p>Tesla investors have been worried that Musk hasn&#39;t been able to fully focus on Tesla because of Twitter. Investors have also worried that Musk would sell Tesla stock to fund losses at Twitter. Musk tweeted on Feb. 5 that Twitter was approaching break-even. That reduces the likelihood of future Tesla stock sales. Tesla stock is up about 6% since then. The Nasdaq Composite is down about 2% over the same span.</p><p>The $225 level is also very close to the stock&#39;s 200-day moving average. That would be another level of resistance for investors to consider what comes next.</p><p>Barron&#39;s wrote positively about Tesla stock on Jan. 6. Since that article appeared, shares are up about 78%.</p><p>We also recently suggested taking some profits. We still feel that it&#39;s appropriate to lock in some gains. Tesla is a volatile stock, and banking some profits after run-ups can help investors weather the inevitable ups and downs of investing alongside Musk.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock Tops $200. Here’s What Happens Next</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Stock Tops $200. Here’s What Happens Next\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-02-09 08:25</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Tesla stock just won&#39;t stop going up. Shareholders should feel happy, but they should keep asking themselves what comes next.</p><p>Shares closed higher 2.3% at $201.29 on Wednesday. The S&amp;P 500 and Nasdaq Composite dropped 1.1% and 1.7%, respectively. Tesla stock (ticker: TSLA) is now up 63% year to date, and up 98% from its Jan. 6 52-week intraday low of $101.81.</p><p>It&#39;s been quite a run. The last time Tesla stock closed above $200 was Nov. 4. The last time shares touched $200 was Nov. 15. Still, the stock looks like it&#39;s due for a pause.</p><p>&#34;Tesla is into resistance at the $200 level, former support, from where it broke down in early November,&#34; says John Roque, senior managing director at 22V Research and market technician. &#34;Former support often becomes new resistance.&#34;</p><p>Roque isn&#39;t a fundamental analyst. His is looking at stock charts to figure out investor sentiment and what could happen next. He is also the technical analyst who thought Tesla stock would approach $100, which they did in early January.</p><p>&#34;The preceding crash and current spike have been as symmetrical as possible over a two-month time frame,&#34; says CappThesis founder and market technician Frank Cappelleri. &#34;The downturn got the stock overly depressed, and the subsequent four-week rally also appears overextended short term.&#34;</p><p>He also believes Tesla stock is due for a pause, calling shares overbought. That&#39;s a term technicians uses to describe a situation when stocks rise a lot over a short period of time. At certain levels, it can mean all the buying is done, for a while.</p><p>A pause for a technician can last anywhere from two weeks to two months. Typically something new has to happen to shake the stock out of a trading band.</p><p>One thing that could do that is the company&#39;s coming investor event on March 1. Management should be talking about new platforms, plants and the coming Cybertruck there.</p><p>Maybe Tesla stock should pause, but it doesn&#39;t obey all the rules. Shares are still about $24, or 10%, below the level where Tesla CEO Elon Musk bought Twitter. Late in 2022 he said he would find a new leader for his social media network. If he does, it could give Tesla shares a boost.</p><p>Tesla investors have been worried that Musk hasn&#39;t been able to fully focus on Tesla because of Twitter. Investors have also worried that Musk would sell Tesla stock to fund losses at Twitter. Musk tweeted on Feb. 5 that Twitter was approaching break-even. That reduces the likelihood of future Tesla stock sales. Tesla stock is up about 6% since then. The Nasdaq Composite is down about 2% over the same span.</p><p>The $225 level is also very close to the stock&#39;s 200-day moving average. That would be another level of resistance for investors to consider what comes next.</p><p>Barron&#39;s wrote positively about Tesla stock on Jan. 6. Since that article appeared, shares are up about 78%.</p><p>We also recently suggested taking some profits. We still feel that it&#39;s appropriate to lock in some gains. Tesla is a volatile stock, and banking some profits after run-ups can help investors weather the inevitable ups and downs of investing alongside Musk.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4551":"寇图资本持仓","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","BK4574":"无人驾驶","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4581":"高盛持仓","BK4099":"汽车制造商","BK4511":"特斯拉概念","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4548":"巴美列捷福持仓","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","BK4550":"红杉资本持仓","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","TSLA":"特斯拉","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0823414478.USD":"法巴经典能源转换基金","LU2063271972.USD":"富兰克林创新领域基金","BK4527":"明星科技股","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2310402185","content_text":"Tesla stock just won't stop going up. Shareholders should feel happy, but they should keep asking themselves what comes next.Shares closed higher 2.3% at $201.29 on Wednesday. The S&P 500 and Nasdaq Composite dropped 1.1% and 1.7%, respectively. Tesla stock (ticker: TSLA) is now up 63% year to date, and up 98% from its Jan. 6 52-week intraday low of $101.81.It's been quite a run. The last time Tesla stock closed above $200 was Nov. 4. The last time shares touched $200 was Nov. 15. Still, the stock looks like it's due for a pause.\"Tesla is into resistance at the $200 level, former support, from where it broke down in early November,\" says John Roque, senior managing director at 22V Research and market technician. \"Former support often becomes new resistance.\"Roque isn't a fundamental analyst. His is looking at stock charts to figure out investor sentiment and what could happen next. He is also the technical analyst who thought Tesla stock would approach $100, which they did in early January.\"The preceding crash and current spike have been as symmetrical as possible over a two-month time frame,\" says CappThesis founder and market technician Frank Cappelleri. \"The downturn got the stock overly depressed, and the subsequent four-week rally also appears overextended short term.\"He also believes Tesla stock is due for a pause, calling shares overbought. That's a term technicians uses to describe a situation when stocks rise a lot over a short period of time. At certain levels, it can mean all the buying is done, for a while.A pause for a technician can last anywhere from two weeks to two months. Typically something new has to happen to shake the stock out of a trading band.One thing that could do that is the company's coming investor event on March 1. Management should be talking about new platforms, plants and the coming Cybertruck there.Maybe Tesla stock should pause, but it doesn't obey all the rules. Shares are still about $24, or 10%, below the level where Tesla CEO Elon Musk bought Twitter. Late in 2022 he said he would find a new leader for his social media network. If he does, it could give Tesla shares a boost.Tesla investors have been worried that Musk hasn't been able to fully focus on Tesla because of Twitter. Investors have also worried that Musk would sell Tesla stock to fund losses at Twitter. Musk tweeted on Feb. 5 that Twitter was approaching break-even. That reduces the likelihood of future Tesla stock sales. Tesla stock is up about 6% since then. The Nasdaq Composite is down about 2% over the same span.The $225 level is also very close to the stock's 200-day moving average. That would be another level of resistance for investors to consider what comes next.Barron's wrote positively about Tesla stock on Jan. 6. Since that article appeared, shares are up about 78%.We also recently suggested taking some profits. We still feel that it's appropriate to lock in some gains. Tesla is a volatile stock, and banking some profits after run-ups can help investors weather the inevitable ups and downs of investing alongside Musk.","news_type":1},"isVote":1,"tweetType":1,"viewCount":96,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}