{"id":138053,"date":"2024-12-17T14:03:47","date_gmt":"2024-12-17T07:03:47","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=138053"},"modified":"2024-12-17T14:03:47","modified_gmt":"2024-12-17T07:03:47","slug":"watch-these-tesla-price-levels-as-stock-accelerates-to-fresh-record-high","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=138053","title":{"rendered":"Watch These Tesla Price Levels as Stock Accelerates to Fresh Record High"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"mntl-sc-page_1-0\" data-sc-sticky-offset=\"80\" data-sc-ad-label-height=\"0\" data-sc-ad-track-spacing=\"90\" data-sc-min-track-height=\"250\" data-sc-max-track-height=\"600\" data-sc-breakpoint=\"50em\" data-sc-load-immediate=\"1\" data-sc-content-positions=\"[300, 1, 1, 1250, 1, 1, 1, 1]\" data-bind-scroll-on-start=\"true\">\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-callout mntl-block\">\n<div id=\"mntl-sc-block_2-0\" class=\"comp mntl-sc-block mntl-sc-block-callout mntl-block theme-whatyouneedtoknow\" data-tracking-id=\"mntl-sc-block-callout\" data-tracking-container=\"true\">\n<h3 id=\"mntl-sc-block-callout-heading_1-0\" class=\"comp mntl-sc-block-callout-heading mntl-text-block\">Key Takeaways<\/h3>\n<div id=\"mntl-sc-block-callout-body_1-0\" class=\"comp mntl-sc-block-callout-body mntl-text-block\">\n<ul>\n<li>Tesla shares continued their extended post-election rally on Monday, rallying to a new record high after Wedbush boosted its price target on the EV maker&#8217;s stock.<\/li>\n<li>The shares have trended sharply higher after breaking out from an ascending triangle, though the relative strength index signals extremely overbought conditions, which could lead to short-term profit-taking.<\/li>\n<li>Bars pattern analysis, which extracts the stock\u2019s sharp trending move from late June to early July and overlays it from the ascending triangle\u2019s top trendline, forecasts a bullish target of around $510.<\/li>\n<li>Investors should monitor key support levels on Tesla&#8217;s chart near $360, $300, and $265.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<p id=\"mntl-sc-block_3-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Tesla (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=tsla\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">TSLA<\/a>) shares continued their <a href=\"https:\/\/www.investopedia.com\/tesla-stock-hits-new-all-time-high-as-wedbush-boosts-price-target-again-8761863\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">extended post-election rally<\/a> on Monday, rallying to a new record high after Wedbush boosted its price target on the EV maker&#8217;s stock.\n<\/p>\n<p id=\"mntl-sc-block_5-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The investment firm lifted its price target to $515 from $400 but noted that the stock could reach as high as $650 by the end of next year, arguing that the incoming Trump administration will give the legacy EV maker\u2019s self-driving and <a href=\"https:\/\/www.investopedia.com\/terms\/a\/artificial-intelligence-ai.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">artificial intelligence (AI)<\/a> initiatives a boost.\n<\/p>\n<p id=\"mntl-sc-block_7-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Through Monday\u2019s close, Tesla shares have surged about 85% since the start of the year, with most of those gains coming after the Nov. 5 election on optimism that CEO <a href=\"https:\/\/www.investopedia.com\/elon-musk-net-worth-tesla-spacex-ai-300-billion-8740315\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">Elon Musk\u2019s<\/a> close ties with President-elect Donald Trump will streamline the automaker\u2019s approval processes.\n<\/p>\n<p id=\"mntl-sc-block_9-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The stock gained 6% in regular trading Monday and added another 2% in extended hours, trading around $472.\n<\/p>\n<p id=\"mntl-sc-block_11-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Below, we break down the <a href=\"https:\/\/www.investopedia.com\/technical-analysis-4689657\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">technicals<\/a> on Tesla\u2019s chart and point out key chart levels that investors may be watching as the EV maker\u2019s stock continues to make new highs.\n<\/p>\n<p><span class=\"heading-toc\" id=\"toc-bullish-trend-moves-further-into-overbought-territory\"\/><\/p>\n<h2 id=\"mntl-sc-block_13-0\" class=\"comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Bullish Trend Moves Further into Overbought Territory <\/span> <\/h2>\n<p id=\"mntl-sc-block_14-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Since breaking out from an <a href=\"https:\/\/www.investopedia.com\/terms\/a\/ascendingtriangle.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">ascending triangle<\/a> earlier this month, Tesla shares have trended sharply higher, with increasing <a href=\"https:\/\/www.investopedia.com\/ask\/answers\/041015\/why-trading-volume-important-investors.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">trading volumes<\/a> supporting the rally.\n<\/p>\n<p id=\"mntl-sc-block_16-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> While the <a href=\"https:\/\/www.investopedia.com\/terms\/r\/rsi.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">relative strength index (RSI)<\/a> confirms bullish price momentum, the indicator also signals heavily <a href=\"https:\/\/www.investopedia.com\/terms\/o\/overbought.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">overbought<\/a> conditions, opening the door to short-term profit-taking as some investors cash in on the stock\u2019s extended post-election gains.\n<\/p>\n<p id=\"mntl-sc-block_18-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Let\u2019s turn to <a href=\"https:\/\/www.investopedia.com\/terms\/t\/technicalanalysis.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">technical analysis<\/a> to provide insight as to where the stock\u2019s current impulsive move higher may be headed next and identify key <a href=\"https:\/\/www.investopedia.com\/terms\/s\/support.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">support levels<\/a> that may come into play during <a href=\"https:\/\/www.investopedia.com\/articles\/active-trading\/020415\/top-strategies-mastering-pullback-trading.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\">pullbacks<\/a>.\n<\/p>\n<p><span class=\"heading-toc\" id=\"toc-chart-based-bullish-target-to-watch\"\/><\/p>\n<h2 id=\"mntl-sc-block_20-0\" class=\"comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Chart-Based Bullish Target to Watch <\/span> <\/h2>\n<p id=\"mntl-sc-block_21-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> To forecast a bullish target in Tesla shares, investors can use bars pattern analysis, a technique that studies historical trends to predict how future directional moves may play out..\n<\/p>\n<p id=\"mntl-sc-block_23-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> When applying the tool to Tesla\u2019s chart, we extract the stock\u2019s sharp <a href=\"https:\/\/www.investopedia.com\/terms\/t\/trending-market.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">trending<\/a> move from late June to early July and overlay it from the ascending triangle\u2019s top trendline. This projects a bullish target around $510, a location where investors may decide to <a href=\"https:\/\/www.investopedia.com\/terms\/l\/lock_in_profits.asp#:~:text=off%20the%20table.-,Understanding%20Lock%20in%20Profits,divided%20equally%20among%20five%20funds.\" class=\"pseudoStyle\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">lock in profits<\/a> if the current move higher replicates the prior strong trend analyzed.\n<\/p>\n<p><span class=\"heading-toc\" id=\"toc-key-support-levels-to-monitor\"\/><\/p>\n<h2 id=\"mntl-sc-block_25-0\" class=\"comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Key Support Levels to Monitor <\/span> <\/h2>\n<p id=\"mntl-sc-block_26-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> During <a href=\"https:\/\/www.investopedia.com\/terms\/r\/retracement.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">retracements<\/a>, investors should initially keep an eye on the $360 level, a location on the chart where the shares may encounter support on a retest of the ascending triangle\u2019s top trendline.\n<\/p>\n<p id=\"mntl-sc-block_28-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> A close below this area could see the shares fall to around the <a href=\"https:\/\/www.investopedia.com\/articles\/technical\/02\/061802.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">psychological<\/a> $300 level. Investors may look for buying opportunities in this region near the prominent July 2023 <a href=\"https:\/\/www.investopedia.com\/terms\/s\/swinghigh.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">swing high<\/a> and nearby <a href=\"https:\/\/www.investopedia.com\/ask\/answers\/012815\/why-50-simple-moving-average-sma-so-common-traders-and-analysts.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\">50-day moving average<\/a>.\n<\/p>\n<p id=\"mntl-sc-block_30-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Finally, a significant <a href=\"https:\/\/www.investopedia.com\/terms\/c\/correction.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">correction<\/a> in Tesla shares may lead to retest of lower support near $265. This level would likely attract buying interest near a trendline that connects multiple <a href=\"https:\/\/www.investopedia.com\/trading\/peak-and-trough-analysis\/\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">peaks<\/a> on the chart over a 12-month period between October 2023 and October this year.\n<\/p>\n<p id=\"mntl-sc-block_32-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> <em>The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our\u00a0<a href=\"https:\/\/www.investopedia.com\/legal-4768893#toc-warranty-and-liability-disclaimer\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">warranty and liability disclaimer<\/a>\u00a0for more info.<\/em>\n<\/p>\n<p id=\"mntl-sc-block_34-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> <em>As of the date this article was written, the author does not own any of the above securities.<\/em><\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.investopedia.com\/watch-these-tesla-price-levels-as-stock-accelerates-to-fresh-record-high-8762485\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Tesla shares continued their extended post-election rally on Monday, rallying to a new record high after Wedbush boosted its price target on the EV maker&#8217;s stock. The shares &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=138053\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-138053","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/138053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=138053"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/138053\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=138053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=138053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=138053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}