Tesla Reverses Course, Indicates A New Bull Run Could Be On The Horizon: The Bull, Bear Case For The EV Giant.
Portfolio Pulse from Melanie Schaffer
Tesla, Inc (NASDAQ:TSLA) showed signs of a potential new uptrend after forming a higher high on Monday, August 22. The stock had been trending lower since July 19 but reversed course on August 21. However, the stock market's reaction to this week's economic data could influence Tesla's trend. Traders can use MIAX’s SPIKES Volatility products, traded on SPIKES Volatility Index (XMIO: SPIKE), to play the potential volatility in the stock market.
August 29, 2023 | 11:47 am
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Traders can use MIAX’s SPIKES Volatility products, traded on SPIKES Volatility Index (XMIO: SPIKE), to play the potential volatility in the stock market.
The SPIKES Volatility products, traded on SPIKES Volatility Index (XMIO: SPIKE), track expected volatility in the SPY over the next 30 days. This could be useful for traders looking to play the potential volatility in the stock market.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Tesla's stock shows signs of a new uptrend, but this could be influenced by this week's economic data. The stock has resistance at $254.98 and $265.10, and support at $234.35 and $225.03.
Tesla's stock has been trending lower since July 19 but reversed course on August 21, showing signs of a new uptrend. However, the stock market's reaction to this week's economic data could influence this trend. The stock has resistance at $254.98 and $265.10, and support at $234.35 and $225.03, which are key levels to watch.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100