Stock Of The Day: Tesla's Q2 Deliveries Spark Rally - Will Resistance Halt The Climb?
Portfolio Pulse from Mark Putrino
Tesla's Q2 deliveries report has sparked a rally in its stock price, but technical analysis suggests potential resistance around the $263.50 level, which has been a peak in the past. If the stock fails to break this resistance, it may head lower due to investor psychology.
July 02, 2024 | 7:54 pm
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Tesla's Q2 deliveries report has led to a significant rally in its stock price. However, technical analysis indicates potential resistance around the $263.50 level, which has been a peak in the past. If the stock fails to break this resistance, it may head lower due to investor psychology.
The Q2 deliveries report has positively impacted Tesla's stock price, but historical resistance around $263.50 could halt the rally. If the stock fails to break this level, it may decline due to investor psychology and sell orders at this price point.
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