20.04.2020 TESLA Daily Analysis

20.04.2020 TESLA Daily Analysis

Tesla is closed at $753.89 on Friday. So far the stock has had a continuous positive streak garnering an additional 67% value on its stock in about two weeks. This is pretty amazing considering stocks don't normally move in this fashion. Within just the last week the stock is already up 30% relative to 40% for the Month. The last time Tesla had such a run was back in October 2019 when it had a positive 9 day streak. So why is Tesla jumping in this manner? Truth is, Tesla beat First Quarter expectations for most investors and trading on wall street and with their Earnings report being released in less than a week most investors have something called FOMO(Fear of Missing out) and so more and more are jumping into buy positions for the stock in order not to miss out and in doing so are pushing the stock value back up. Overall the stock is up 80% this year and whether it will keep going up is dependent on the earnings results that will be released.