Chart of Day: Tesla (TSLA) Accelerating Higher

Your complimentary Daily Guru Trade You are receiving this email because you are subscribed to Behind the Markets. If you no longer wish to receive these emails, please [unsubscribe]( here.  Dear Fellow Investor, I sent out my morning Daily Guru Trades update, and I noticed you're not on my mailing list. You probably don't know that you can sign up free of charge, and that's my fault. Below is my issue from this morning, tap the link. [Join Daily Guru Trades Today]( Tesla (TSLA) is starting to pivot higher from strong support and over-extensions on RSI, MACD, and Williams’ %R. Granted, a good number of analysts recently downgraded the EV stock, but it appears the negativity has been priced into the stock. From a current price of $190.93, we’d like to see TSLA initially refill its bearish gap around $210. Even Morgan Stanley says Tesla is a buy here with a $345 price target, despite ugly earnings. Cathie Wood’s funds also bought the latest dip in TSLA, picking up 690,000 shares this month. “We think it shows conviction in the long-term story and we believe a lot of investors were waiting for a buying opportunity after TSLA shares more than doubled last year,” said Garrett Nelson, vice president and senior equity analyst at CFRA Research, as quoted by Fortune.com. “They are getting that opportunity now with the stock’s year-to-date selloff.” Analysts at Baird also reiterated an outperform rating on TSLA, noting, “TSLA has numerous projects underway which could contribute to growth over time. While we continue to believe increased production capacity and new product introductions provide a steady cadence of upcoming catalysts.” [Join Daily Guru Trades Today]( "The Buck Stops Here" [youtube button]( [facebook button]( [instagram button]( Our mailing address is: Behind the Markets, LLC 4260 NW 1st Avenue, Suite 55 Boca Raton, FL 33431 Copyright © 2023 Behind the Markets, LLC, All rights reserved. You're receiving this email as part of your subscription to Behind the Markets. For more information about our privacy practices, please review our [Privacy Policy]( or our [Legal Notices.]( [Unsubscribe](