Jim Cramer takes a look at the charts as interpreted by Bob Moreno, an analyst who called the market's December bottom, to see how Tesla could reverse its trend.
Tesla's stock is working to get its groove back and there is an argument to be made that the share price could be ready to soar from its current levels, CNBC's Jim Cramer said.
The stock is down more than 14 percent in 2019, but about 13 percent higher than it was one year ago. "[That ceiling is] around $290, up about five bucks bucks from where the stock's currently trading," Cramer said."If Tesla can cross that threshold, Moreno is betting the stock will fill in the big gap from January and climb to the $340s ... nearly 20 percent up from where it's currently trading."According to Moreno, recent action in Tesla's short-term daily chart mirrors what's called a Morningstar pattern.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Cramer's lightning round: Slow and steady wins the raceJim Cramer zips through his thoughts on callers' stock picks of the day.
और पढो »
Cramer: Why you should use your 'mad money' to buy some individual stocks hereJim Cramer explains why individual stock picking is making an exciting comeback.
और पढो »
Apple's new products are a game changer for customers, but not Wall Street, Jim Cramer saysJim Cramer explains why the analysts are wrong about Apple's new products and why investors should be buying the stock.
और पढो »
Tesla Model 3 Instantly Tops European Charts, But It's Not All Good NewsThere is good news and bad news for Tesla from Europe. The good news is the new Model 3 burst on to the scene in Western Europe in February, and instantly became the number one selling pure electric car. Unfortunately sales were being won from more expensive Model S sedan and Model X SUV.
और पढो »
Cramer Remix: Why I wouldn't buy Wells Fargo hereJim Cramer discusses what's next for Wells Fargo following Tim Sloan's resignation.
और पढो »
Cramer: Lyft IPO likely to surge, drawing investors back to whole stock marketLyft is slated to have a blockbuster initial public offering, drawing investor attention back to the stock market, CNBC's Jim Cramer said on Thursday.
और पढो »
Cramer: My sources at Amazon indicate to me they'll do whatever it takes to undercut Walmart'Amazon will stop at nothing to take away the share that Walmart has gained,' CNBC's Jim Cramer says.
और पढो »
Cramer: The top Q1 performers indicate the market can run higherJim Cramer explains why the stocks of Exxon, Apple, United Technologies, and other names give insight into what's next for Wall Street.
और पढो »
Cramer: Nasdaq, Goldman Sachs, and Amazon are de-risked IPO playsJim Cramer breaks down how investors can make money from the IPO boom without investing directly in them.
और पढो »
Cramer Remix: Fentanyl could derail a US-China trade dealJim Cramer says China must follow through on its fentanyl-related promise or risk President Trump suspending talks.
और पढो »