LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

The next price to watch on Tesla’s stock chart as the postelection surge looks set to continue

Chaim Potok by Chaim Potok
December 9, 2024
in Investing
The next price to watch on Tesla’s stock chart as the postelection surge looks set to continue
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Tesla Inc. (TSLA) has gained roughly 53% since the election, making it the second-best performer in the S & P 500 since that time. The rally has been meaningful from a technical perspective, marking a bullish shift with long-term implications. In June , we highlighted a bullish technical setup for Tesla that supported a counter-trend rally. Now, the rally in TSLA is in line with the primary trend following a major breakout on the chart last month. TSLA’s postelection rally resulted in a breakout above major trendline resistance last month, sending the stock to new 52-week highs. The upmove has resulted in a decisive upturn in the monthly MACD, which is a bullish indication for the next several months, affirming that a cyclical bull trend is now in place. More recently, TSLA pushed higher out of a flag pattern, bringing final resistance near $415, from the 2021 peak, within reach. A flag pattern is a healthy consolidation phase that serves to refresh the uptrend, and the breakout from the pattern is associated with renewed short-term momentum. This supports near-term upside follow-through to final resistance. If TSLA can break out to new all-time highs, it would shift our focus to a measured move price objective of roughly $504 looking out into the middle of next year. This target is generated by taking the cyclical uptrend from the 2019 low to the 2021 peak and then projecting its trajectory up from the 2023 bear cycle low. —Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . DISCLOSURES: (Noine) All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL’S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer. Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC (“Fairlead Strategies”) for informational purposes only. This material is for illustration and discussion purposes and not intended to be, nor construed as, financial, legal, tax or investment advice. You should consult appropriate advisors concerning such matters. This material presents information through the date indicated, reflecting the author’s current expectations, and is subject to revision by the author, though the author is under no obligation to do so. This material may contain commentary on broad-based indices, market conditions, different types of securities, and cryptocurrencies, using the discipline of technical analysis, which evaluates the demand and supply based on market pricing. The views expressed herein are solely those of the author. This material should not be construed as a recommendation, or advice or an offer or solicitation with respect to the purchase or sale of any investment. The information is not intended to provide a basis on which you could make an investment decision on any particular security or its issuer. This document is intended for CNBC Pro subscribers only and is not for distribution to the general public. Certain information has been provided by and/or is based on third party sources and, although such information is believed to be reliable, no representation is made with respect to the accuracy, completeness, or timeliness of such information. This information may be subject to change without notice. Fairlead Strategies undertakes no obligation to maintain or update this material based on subsequent information and events or to provide you with any additional or supplemental information or any update to or correction of the information contained herein. Fairlead Strategies, its officers, employees, affiliates and partners shall not be liable to any person in any way whatsoever for any losses, costs, or claims for your reliance on this material. Nothing herein is, or shall be relied on as, a promise or representation as to future performance. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Opinions expressed in this material may differ or be contrary to opinions expressed, or actions taken, by Fairlead Strategies or its affiliates, or their respective officers, directors, or employees. In addition, any opinions and assumptions expressed herein are made as of the date of this communication and are subject to change and/or withdrawal without notice. Fairlead Strategies or its affiliates may have positions in financial instruments mentioned, may have acquired such positions at prices no longer available, and may have interests different from or adverse to your interests or inconsistent with the advice herein. Any investments made are made under the same terms as nonaffiliated investors and do not constitute a controlling interest. No liability is accepted by Fairlead Strategies, its officers, employees, affiliates, or partners for any losses that may arise from any use of the information contained herein. Any financial instruments mentioned herein are speculative in nature and may involve risk to principal and interest. Any prices or levels shown are either historical or purely indicative. This material does not take into account the particular investment objectives or financial circumstances, objectives or needs of any specific investor, and are not intended as recommendations of particular securities, investment products, or other financial products or strategies to particular clients. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. The material should not be provided to any person in a jurisdiction where its provision or use would be contrary to local laws, rules, or regulations. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

You might also like

History shows there’s a high chance that gold eases next week, says Carter Worth

These companies are reporting earnings next week and have momentum on their side

Three of ‘your father’s’ stocks could be some of the best AI derivative investments from here



Source link

Share30Tweet19
Previous Post

Price analysis 12/9: SPX, DXY, BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX

Next Post

World ID trolls Spotify with ‘Unwrapped’ privacy meme

Chaim Potok

Chaim Potok

Recommended For You

History shows there’s a high chance that gold eases next week, says Carter Worth
Investing

History shows there’s a high chance that gold eases next week, says Carter Worth

October 17, 2025
These companies are reporting earnings next week and have momentum on their side
Investing

These companies are reporting earnings next week and have momentum on their side

October 17, 2025
Three of ‘your father’s’ stocks could be some of the best AI derivative investments from here
Investing

Three of ‘your father’s’ stocks could be some of the best AI derivative investments from here

October 17, 2025
Latest bank turmoil turns spotlight to ‘NDFI’ lending market. What is that and should you be worried?
Investing

Latest bank turmoil turns spotlight to ‘NDFI’ lending market. What is that and should you be worried?

October 17, 2025
Next Post
World ID trolls Spotify with ‘Unwrapped’ privacy meme

World ID trolls Spotify with ‘Unwrapped’ privacy meme

Related News

How clean is clean enough at the end of a tenancy? – London Wallet

How clean is clean enough at the end of a tenancy? – London Wallet

July 27, 2023
XCMG XCS65K: it takes big machines to build big battery projects [video]

XCMG XCS65K: it takes big machines to build big battery projects [video]

August 18, 2025
Bitcoin to M? Why Gemini’s Winklevoss twins call it ‘gold 2.0’

Bitcoin to $1M? Why Gemini’s Winklevoss twins call it ‘gold 2.0’

October 13, 2025

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?