January marked an impressive rebound for Tesla’s stock, leaving some investors wondering what could come next.
, leaving some investors wondering what could come next. For now, many are appreciating profits as a nice change of pace after a tough 2022 for the company’s stock.Barron’s
January also represented Tesla’s best month since October 2021, when it rose 44% closing at a pre-stock-split price of $371.33. CappThesis founder and technical analyst Frank Cappelleri pointed to the stock chart, noting what Tesla may need to do to maintain positive investor sentiment. Cappelleri points out that investors often look short term following huge rallies, not expecting the good times to last. Additionally, it can be painful for some to lose out on money gained so quickly — sometimes leading to selloffs that can slow or halt momentum for a company’s stock rallies.also notes that market technicians primarily look at chart patterns as indicators of general investor sentiment, in hopes to determine what may come next.
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