Opportunity and peril in Tesla’s stock are ahead.
Let’s explore the issue with a chart.
Chart
Please click here for an annotated chart of Tesla TSLA stock. Please observe the following from the chart:
• The chart shows a key psychological level of $300 drawn in white.
• The chart shows a support zone drawn in yellow around the key psychological level.
• The chart shows Tesla Whac-a-Mole. Lately when there is bad news for Tesla, buyers step in around $300, often driving the stock higher. In the past month, investors drove the stock to $357.
• The chart shows that Tesla’s stock is below the 200-day moving average.… Please click here or the title below to read more.
This post was just published on ZYX Buy Change Alert.
Arena stock (ARNA) is long from $16.20. ARNA is trading at $40.75 as of this writing, up $9.86 for the day. It has traded as high as $44.44.
The company reported impressive results from a Phase II trial of its ulcerative colitis drug.
Previously we have stated that in a buyout,
In the event of a buyout, a price in the zone of $44 to $52 is possible.
Based on the trial results, we are revising the target zone in a buyout to $75 to $88.
The new buy zone for Arena is $28 to $35.57.