Tesla moved above key level heading into the Cybertruck delivery event Thursday night
$Tesla (TSLA.US)$ The article revealed that Tesla stock jumped 4.5% to 246.71 on Tuesday, moving back above the 50-day moving average and topping its Nov. 15 short-term high. Shares are working on a 278.98 double-bottom buy point, according to MarketSmith analysis. Investors could use a declining trendline as an early entry, currently around 252.
2 possible reasons for the share price surge:
1) The Tesla Cybertruck delivery event Thursday night could be a big TSLA catalyst, up or down. There are many unanswered questions about the Cybertruck, including prices and actual specs.
2) On Tuesday, weekly China registration data pointed to Tesla sales continuing to pick up. The EV giant nudged China prices higher again, this time on the Model Y Long Range variant, but also offering notable insurance subsidies on the base Model 3 and Y, as well as promoting low-interest loans.
2) On Tuesday, weekly China registration data pointed to Tesla sales continuing to pick up. The EV giant nudged China prices higher again, this time on the Model Y Long Range variant, but also offering notable insurance subsidies on the base Model 3 and Y, as well as promoting low-interest loans.
Source:
$BYD COMPANY (01211.HK)$ $BYD Co. (BYDDF.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $VOLKSWAGEN A G (VWAGY.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $XPeng (XPEV.US)$ $General Motors (GM.US)$ $Ford Motor (F.US)$ $Rivian Automotive (RIVN.US)$ $MERCEDES-BENZ GROUP AG (MBGAF.US)$ $TOYOTA MOTOR CORP (TOYOF.US)$ $GEELY AUTO (00175.HK)$ $Stellantis NV (STLA.US)$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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Master Corgi : Why you use 50 day moving average?
ZnWC OP Master Corgi : Why not?
Master Corgi ZnWC OP : Reason behind using this indicator?
ZnWC OP Master Corgi : Can read here:
Why use Moving Average (MA)?
Master Corgi ZnWC OP : Yea but why 50?
ZnWC OP Master Corgi : Why not? It's also explained in the article.