Who are investors, most of them want to invest according to the advisor’s order. A great news for stocks this week a famous news website “Forbes” published an article for investors. It’s about investing in Tesla and Meta.
Market Trends and Tech Leaders:
Recent studies show that large tech companies are still leading the market, with the NASDAQ maintaining its top position since last fall, despite market corrections.
Changing Stock Performances:
However, the leading stocks within this group have changed. Some stocks that previously led now have very high prices.
Tesla: A Potential Investment:
Consider investing in Tesla, even though its price has recently risen. Last week, it broke a long-term downward trend, suggesting a potential breakout from a two-year pattern. Monthly trends indicate continued price increases. Since March, its relative strength has been improving.
The USA stock market is up 1.8% over the past 7 days with the Semiconductor industry up 3.0% Biggest movers: pic.twitter.com/7XNfNVz9oc
— XTemple (@SiBondTemple) July 7, 2024
META: Rising Stock Strength:
META is another strong performer in the large tech stock category. Although its share price has reached a new high, it’s not overbought every week. It’s showing strong momentum on both weekly and monthly charts. The daily chart also indicates a recent breakout, supported by higher lows in momentum and increased relative strength.
Future Outlook:
Looking ahead, META’s target price is projected to reach $625. The monthly cycle suggests a possible correction in September-October, but significant highs aren’t expected until early 2025.
Special Thanks to : Forbes
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.