$TSLA stock continues to outperform as it closes more or less flat on Friday. Equity indices close lower by 0.7% for S&P 500 and 0.5% for the Nasdaq. Tesla delivery times continue to fall for most models in China by ivanbrian9 stocks trading
Equity indices close lower by 0.7% for S&P 500 and 0.5% for the Nasdaq.stock continues its relative outperformance as the stock closed more or less flat on Friday while the main indices continued their recent retreat. Tesla has now ignored the island formation we spoke about recently.There has been a lot of delivery speculation surrounding Tesla recently. Delivery times are falling in China.
We likely need a further catalyst, which will come from Wednesday's Fed interest rate decision. Not so much the decision itself, which is likely to be 75 bps, but the expected continued hawkish tone from the Fed. Until Wednesday, we expect some more choppy trading with more risk reward to the upside in my view. $314 is the first resistance. The double bottom at $266 is the major support. A break of that level, and May and June lows of $208 are likely to be retested.
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