Electric Car Makers Gear Up for 2023 as Stock Market Rally Charges Ahead
-
Tesla and other EV makers such as BYD and Rivian will report December and Q4 delivery figures in early January. Tesla has a shot at hitting its 2022 delivery target of 1.8 million vehicles.
-
The stock market rally remains strong heading into 2024, with the Nasdaq having its best year since 2003. Leaders like Nvidia, Microsoft, and MercadoLibre are setting up potential buy points.
-
Nvidia stock is nearing a 505 buy point. Microsoft has formed a new flat base with a 384 entry. MercadoLibre is working on a three-weeks-tight pattern.
-
Celsius and Eli Lilly shares are finding support near the 50-day line. CELH has a 68.95 buy point, while LLY stock has a 629.97 entry.
-
It's a good time to review 2022 trades to find what worked and what didn't, in order to make improvements for the new year. Stay focused on the present while reading The Big Picture daily.