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Why Tesla (TSLA) could be on the verge of a massive rally
The post Why Tesla (TSLA) could be on the verge of a massive rally appeared on BitcoinEthereumNews.com. As Tesla (NASDAQ: TSLA) stock dazzles the market, the equity might have more upside potential when reviewing its historical performance in the wake of the Federal Reserve’s monetary policy. Notably, the stock has surged, aligning with the general market reaction to the Fed’s interest rate cuts and the positive momentum stemming from China’s announcement of an economic stimulus. At the close of the latest trading session, TSLA traded at $260, gaining over 2% for the day. The recent bullish momentum has helped the equity regain positive growth for the year, with the value now at 4.8% in 2024. TSLA one-day stock price chart. Source: Google Finance With the EV’s stock looking strong, history indicates that TSLA might be primed for a massive rally similar to past price movements that conceded with a rate cut, according to an analysis shared by TrendSpider on September 29. TSLA price analsysis chart. Source: TrendSpider This element was evident between 2019 and 2021, when Tesla’s price action demonstrated a shift from modest gains to exponential growth, with a massive surge occurring right after a dip in interest rates. This growth happened after the equity underwent a consolidation phase. As of late 2024, Tesla finds itself in another consolidation period, leading many to wonder if the stock is about to embark on another explosive move. Technical indicators support this view, with the price trading within a well-defined range, similar to patterns observed before Tesla’s prior rallies. It’s worth noting that lower interest rates have historically boosted growth stocks like Tesla, which rely heavily on future earnings. When borrowing costs are low, Tesla can invest more in innovation, expansion, and scaling operations, fueling investor confidence. At the moment, after the Fed lowered rates by 50 basis points, there is anticipation that more cuts will follow. TSLA’s technical…
The post Why Tesla (TSLA) could be on the verge of a massive rally appeared on BitcoinEthereumNews.com.
As Tesla (NASDAQ: TSLA) stock dazzles the market, the equity might have more upside potential when reviewing its historical performance in the wake of the Federal Reserve’s monetary policy. Notably, the stock has surged, aligning with the general market reaction to the Fed’s interest rate cuts and the positive momentum stemming from China’s announcement of an economic stimulus. At the close of the latest trading session, TSLA traded at $260, gaining over 2% for the day. The recent bullish momentum has helped the equity regain positive growth for the year, with the value now at 4.8% in 2024. TSLA one-day stock price chart. Source: Google Finance With the EV’s stock looking strong, history indicates that TSLA might be primed for a massive rally similar to past price movements that conceded with a rate cut, according to an analysis shared by TrendSpider on September 29. TSLA price analsysis chart. Source: TrendSpider This element was evident between 2019 and 2021, when Tesla’s price action demonstrated a shift from modest gains to exponential growth, with a massive surge occurring right after a dip in interest rates. This growth happened after the equity underwent a consolidation phase. As of late 2024, Tesla finds itself in another consolidation period, leading many to wonder if the stock is about to embark on another explosive move. Technical indicators support this view, with the price trading within a well-defined range, similar to patterns observed before Tesla’s prior rallies. It’s worth noting that lower interest rates have historically boosted growth stocks like Tesla, which rely heavily on future earnings. When borrowing costs are low, Tesla can invest more in innovation, expansion, and scaling operations, fueling investor confidence. At the moment, after the Fed lowered rates by 50 basis points, there is anticipation that more cuts will follow. TSLA’s technical…
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