In today’s video, I’m sharing why I’ve changed my view on Tesla stock (TSLA) and why I’ve gone from being cautious to bullish. Just a short while ago, I wasn’t too confident in Tesla’s outlook due to a few key factors, but the recent developments have completely shifted my perspective. Let me walk you through my reasoning!
🔍 Earlier View:
I wasn’t very bullish on Tesla after the robotaxi event, which didn’t spark the excitement many expected.
Price momentum had faded, and the stock was hovering near the 200-day moving average, signaling weakness.
The stock just didn’t seem to have the energy to break higher at the time.
🚀 Why I’m Bullish on Tesla Now:
Price momentum is back! Tesla has picked up significant speed, and the stock is no longer sluggish like before.
The volume profile is looking strong, indicating major investor interest.
With Trump’s election win, this could be a big boost for Tesla and Elon Musk, potentially easing regulatory pressures and boosting the business environment.
Breakout of a major resistance level! The stock has broken through a significant ceiling, and it’s not just any breakout-it’s coming from a large base, which adds strength to the move.
📈 What’s Next?
I’ll dive deeper into the charts, look at the breakout patterns, and explain why this new price action has me excited about Tesla’s future.
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