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.
Tesla Motors Inc (NASDAQ: TSLA) shares are trading lower by $15.28 (9.7 percent) at $147.22 in Monday's session. It has fallen under $150 for the first time since January 14, 2014, when it bottomed at $136.67.
Only six trading sessions ago, Tesla made its final attempt to remain in the $200 handle, when it peaked at $199.52, but weakened to end the session at $196.94. Since that day, it has only one session in the green and that a paltry $1.85 gain last Thursday.
Related Link: Could Tesla Stock Be Headed For Double Digits?
The issue best exemplifies the recent trend in investor sentiment that has them abandoning issues that trade at extremely high multiples with little or no formidable earnings trends.
After a lower open, beyond Friday's low ($157.74), it rallied only to $157.15 before sellers flooded the issue. So far, it has reached $146.26, but has not been able to distance itself from that level.
If the decline continues, there are no major support points based on the daily charts until the previously mentioned low at $136.67.
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.
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