Tesla stock outperformed on Tuesday as it closed 2.5% higher, $TSLA was boosted by talk of strong deliveries. Technicals also approach a key level by ivanbrian9 stocks trading
TSLA was boosted by talk of strong deliveries.stock outperformed on Tuesday as it closed at $282.94 for a gain of just over 2.5%. That marked a noted outperformance versus the main indices as the S&P 500 and Nasdaq closed either side of flat. S&P 500 ended the session at -0.21% and the Nasdaq at +0.16%. The outperformance looks to have been charged up by the news that Tesla is expecting a strong delivery push to end the quarter.
Currently, we do have a triangle formation with a series of higher lows and the cap at $314.64. Usually, triangles result in a powerful breakout, but the direction of that breakout usually occurs in the recent direction, which here is lower. For me, $314.64 and $266.15 are the key levels to watch. Information on these pages contains forward-looking statements that involve risks and uncertainties.
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