Prediction of the market trend for next Monday.
1. Fundamentals:
Tesla's stock price is currently at a high level as investors are driven by optimistic expectations of its growth potential. However, analysts generally believe that the current valuation has already priced in future growth.
Due to the recent rapid increase in stock prices, there is a possibility of a technical pullback, especially in the absence of new bullish news.
2. Technical analysis:
Tesla is currently around $350, facing strong psychological support. If the volume increases at the beginning of next week and the stock price stagnates, beware of the risk of a pullback.
The key support level is around $340. If broken, it may further test the range of $330; while breaking through $360 may trigger a new round of uptrend.
3. Possible trend:
Bullish factors: increasing market risk appetite, positive news in the electric vehicle industry.
Bearish factors: high valuation pressure, large cap pullback, profit-taking by investors.
Tesla's stock price is currently at a high level as investors are driven by optimistic expectations of its growth potential. However, analysts generally believe that the current valuation has already priced in future growth.
Due to the recent rapid increase in stock prices, there is a possibility of a technical pullback, especially in the absence of new bullish news.
2. Technical analysis:
Tesla is currently around $350, facing strong psychological support. If the volume increases at the beginning of next week and the stock price stagnates, beware of the risk of a pullback.
The key support level is around $340. If broken, it may further test the range of $330; while breaking through $360 may trigger a new round of uptrend.
3. Possible trend:
Bullish factors: increasing market risk appetite, positive news in the electric vehicle industry.
Bearish factors: high valuation pressure, large cap pullback, profit-taking by investors.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
