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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