As Tesla stock price is expected to go up, this might be the right moment to buy!

Tesla, January, 2023
Current Price: $109.10

Trend direction: UP

• EVENT: US BUREAU OF LABOR STATISTICS ANNOUNCES US NONFARM PAYROLLS (January 6, Friday): Non-farm payrolls report is due on Friday, with investors hoping to see signs of cooling in the labor market that could give the Fed reason to slow its monetary policy tightening and expects US stocks to rise. Data is forecasted to decrease with 200k, and previous was 263k.
   
• MARKETS PREDICTS AN INCREASE IN RISK APETITE:    US stock index futures edged higher on Wednesday as hopes of an economic recovery in China lifted sentiment, while focus was also on minutes from the Federal Reserve's December policy meeting for clues on the outlook for interest rate hikes.
   
• FED'S MINUTES FROM PREVIOUS MEETING WILL BE ANNOUNCED TODAY: Minutes from the Fed's previous meeting, when it raised interest rates by half a percentage point and cautioned rates may need to remain higher for longer, are due to be released today. "The minutes of the latest Fed meeting will be devoured later, in a search for clues about how much higher rates will go before policymakers consider pressing the pause button," said Susannah Streeter, markets analyst at Hargreaves Lansdown. Market participants see a 68.8% chance of a 25-basis point rate hike from the US central bank in February, and see rates peaking at 4.95% by June.
   
• TESLA'S STORY: Tesla plunged as much as 15% on Tuesday after it missed Wall Street estimates for quarterly deliveries, and the company has lost almost 75% of its market cap in barely over a year. But all that seems poised to reverse on Wednesday, job openings and non-farm payrolls will give the most up-to-date pulse of the US labor market. Weak numbers could hold the same expectations for next month's policy meeting as 25 basis point hike from. The cycle may be drawing to a close, global tech and equity bulls such as Tesla, are to get any traction with hopes on easing financial conditions and central bank rate hike expectations.
   
• ANALYST OPINION: PRICE EXPECTATIONS: JPMORGAN forecasts $125. GOLDMAN SACHS forecasts $205. MORGAN STANLEY forecasts $250 by the end of 2023.

Tesla uptrend opportunity based On 1.00 Lot Calculation:

TESLA

• Calculations for exchange rate used as of 17:00 (GMT+1) 04/01/2023
• 1.00 lot is equivalent of 100 USD

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