ā¬Nasdaq gains more than 1% on Monday, Tesla stock rose 6%
After the start of the US session, the Nasdaq index (US100) is the best performer and is trading above the psychological level of 13 000 pts. Pts. Tech stocks have rebounded from the recent pullback from rising bond yields. US 10Y yields fell today from 14-month highs set last week to around 1.7%. Tesla stock jumped nearly 6% after Ark Invest said it expects the company's stock price to reach the $3,000 mark by 2025. Looking from a technical point of view at the H4 interval, one can see that an inverted head and shoulders pattern is building up. At the end of last week, buyers managed to defend the support at 12,760 pts, which means that the continuation of the upward move towards the resistance zone at 13,300 pts is possible.
US100 interval H4. Source: xStation5
