After a strong higher low in April (vs Jan.) the Tesla, Inc. stock TSLA moved to hit a 7 months high.
Higher lows lead to higher highs.
All the markets are interrelated. They are moving together and doing the same... Let's look at some examples:
1) In January Bitcoin, the SPX, etc. produced a bullish wave, this is true for Tesla as well.
2) Mid-March Bitcoin, the SPX, etc. produced a bounce/support, this is true for Tesla as well.
3) April/May marked the date that all the major indexes, stocks and Cryptocurrencies produced a long-term higher low (vs Nov/Dec 2022).
4) Present time, a group of these assets and indexes are moving ahead. Those staying behind are sure to follow based on past history... That's my theory.
See more in my Bitcoin article, the full theory explained.
Namaste.
Note
So everything went up as predicted. SPX, DJI, NDX and TSLA.
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