Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Scott Redler is a weekly guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.
Tesla Motors Inc (NASDAQ: TSLA) could trade up by a couple of percentage points between now and its quarterly earnings report next week, a strategist told Benzinga before the market opened Monday.
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Tesla jumped more than 7 percent percent Monday, apparently on expectations surrounding a pending announcement on new battery products. The shares traded recently at $232.77.
"It's on my radar," said Scott Redler, chief strategic officer of T3 Live, which provides online training programs on stock market trading.
If Tesla "can get above $221.88, I think there's another $4 to $5 cash flow trade before earnings that could take it back towards the resistance area, which is somewhere between $226 and $230," Redler said.
Related Link: What 2 Street Firms Think About Tesla's Big Announcement
Deutsche Bank analysts said in a note the announcement concerning new battery products coming Thursday could prove "more significant than the Street currently expects."
Listen to the full interview below:
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.