Stock Track | Destiny Tech100 Surges 10% in Pre-Market Trading as Tesla Stock Tops $400 Milestone

Stock Track

Dec 09, 2024

Destiny Tech100 Inc (DXYZ) stock soared 10.04% in pre-market trading on Monday, riding on the wave of optimism surrounding Tesla's impressive stock performance.

According to technical analysts, Tesla's stock has been on an upward trajectory, recently surpassing the $400 milestone. Market technician Katie Stockton from Fairlead Strategies believes that patterns in the charts suggest Tesla shares could potentially reach $429, setting new highs above the 2021 peak.

Douglas Busch, the founder of ChartSmarter, is even more bullish, indicating that $480 is a realistic target for Tesla stock. Busch noted observing significant call option buying activity for Tesla with a strike price of $710, signaling investors' confidence in the stock's continued upward momentum or increased volatility.

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Market technician Katie Stockton from Fairlead Strategies believes that patterns in the charts suggest Tesla shares could potentially reach $429, setting new highs above the 2021 peak.</p>\n\n<p>Douglas Busch, the founder of ChartSmarter, is even more bullish, indicating that $480 is a realistic target for Tesla stock. Busch noted observing significant call option buying activity for Tesla with a strike price of $710, signaling investors' confidence in the stock's continued upward momentum or increased volatility.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DXYZ","symbol_name":"Destiny Tech100 Inc","start_time":0,"source_url":"","article_id":"1174149571","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1174149571","pubTimestamp":1733734978,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Destiny Tech100 Inc  stock soared 10.04% in pre-market trading on Monday, riding on the wave of optimism surrounding Tesla's impressive stock performance.According to technical analysts, Tesla's stock has been on an upward trajectory, recently surpassing the $400 milestone. 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