With so much momentum in both Tesla's stock price and its core business, isn't it time for the automaker to consider splitting its stock again?
It's hard to believe, but it's only been six months since Tesla surprised investors with the announcement of a 5-to-1 stock split. Despite the stock split, its price has already risen by more than half since last August. Also, it's not just the stock that has gained momentum since last summer: electric car sales have surged, and profitability now looks like it's here for good. This could be a sign that this year's stock gains could lead to another split.
Our Analysis:
While the price is above 727.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 816.00
- Take Profit 1: 909.00
- Take Profit 2: 955.00
Alternative scenario:
If the level 727.00 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 727.00
- Take Profit 1: 653.00
- Take Profit 2: 610.00
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