Tesla Stock: Key Trading Levels Priced In By Options Market Ahead Of Fed Decision, Inflation Data
Portfolio Pulse from Bhavik Nair
Tesla shares gained over 14% last week, closing at $244.40 on Friday. The options market indicates resistance at the $250 level and support at $225. The Federal Reserve's policy decision and inflation data release this week may impact the stock.
June 12, 2023 | 10:27 am
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Tesla's stock gained 14% last week, with options market indicating resistance at $250 and support at $225. The Federal Reserve's policy decision and inflation data release this week may impact the stock.
Tesla's stock has been performing well, but the upcoming Federal Reserve policy decision and inflation data release may introduce uncertainty and volatility in the market. The options market indicates resistance at $250 and support at $225, suggesting that traders are factoring in potential price movements. However, the actual impact on the stock will depend on the outcomes of these events and their implications for the broader market.
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