To The Moon

$Tesla Motors(TSLA)$ $Direxion Daily TSLA Bull 2X Shares(TSLL)$ $Tradr 2X Short TSLA Daily ETF(TSLQ)$ 🔋📈🅱️U̥ L̥ L̥ I̥ S̥ H̥📈🤖🔋 🎯🚗📈 Tesla and TSLQ: Navigating Key Levels with Precision 📉🚗🎯 Tesla ($TSLA) is back in the spotlight, gearing up for yet another battle at its 2021 high of $488.50, a level that has proven to be a critical resistance zone in recent years. Meanwhile, the 2x Inverse TSLA ETF ($TSLQ) continues its decline, reflecting Tesla’s remarkable resilience. Let’s break down the technicals, fundamentals, and what it all means for traders. 🚀 Tesla ($TSLA): The Battle at the 2021 High • Resistance at $488.50: Tesla is testing its 9th attempt to break this key level, a point of significant rejection in the past. • Momentum vs. Resistance: Can Tesla finally push through? Here’s what the data says, • Price Action: Past rejections at this level came with high volume, indicating intense selling pressure, • Moving Averages: Trading above both the 50-day and 200-day moving averages, Tesla maintains its bullish momentum over the medium and long term, • Relative Strength Index (RSI): At 68, the stock still has room to run before hitting overbought territory, providing an upward runway for a breakout. • Fundamental Tailwinds: • Earnings Growth: A 19.2% increase in 2023 earnings highlights Tesla’s robust fundamentals, • Innovation Leadership: Advancements in autonomous driving, energy storage, and Tesla’s expanding global footprint make it a standout leader in the EV space. 📉 TSLQ: The Inverse ETF’s Decline 📉 • Yearly Performance: $TSLQ, Tesla’s 2x inverse ETF, has dropped sharply, now trading at $22.94, reflecting Tesla’s dominance and bullish momentum. • Chart Analysis: • Support Levels: Key support lies near the $20 mark, a level that could act as a psychological floor, • Volatility: With a beta of -2 relative to $TSLA, $TSLQ moves are amplified, mirroring Tesla’s trajectory in reverse. • Market Sentiment: • The bearish sentiment on $TSLQ reflects the broader shift toward growth stocks and tech-driven sectors, which continue to outperform. 🔍 Predictive Insights: • Breakout Probability for $TSLA: • Historical data and current bullish momentum give Tesla a 55% chance of breaking past $488.50 on this attempt, • Key Catalysts: • Investor Confidence: Tesla’s leadership in the EV market remains unmatched, • Volume Spike: Watch for a surge in volume, this could signal whether the breakout is real or a false attempt, • Social Sentiment: Positive chatter across social media and financial news platforms adds to the bullish case. • Implications for $TSLQ: • A successful breakout could push $TSLQ below $20, while another rejection at $488.50 may offer short-term relief for inverse ETF investors. 📢 Like, Repost, and Follow for sharp analysis, trading insights, and actionable setups! 🚀📈 Let’s capitalise on market trends and make informed trades together. 🍀🍀🍀 Happy trading ahead! Cheers BC 📈🚀🍀🍀🍀 @Tiger_comments @TigerPicks @TigerStars @TigerWire @Daily_Discussion