10/10 Tesla Autonomy Event and the law of round numbers.

 It's about two weeks to Teslas big autonomy event.

If you've been following Tesla stock, you've seen it going up steadily for the last month.
It broke $260/share as of this post. See graph below.

There is a strong consensus amongst market mavens that it will get close to $300/share before the 10/10 event due to FOMO. 

Stock trading tip...

The law of round numbers when trading... is an inherent part of human nature. We like to round numbers and will act upon them if given the opportunity. This means a majority of traders will set their sell price at $300.  (Google the phrase to get a more complete definition and understanding). 

This situation will have a big affect on the stock price:

1. This puts downward pressure on the price called resistance. It will look like the stock will shoot up to $289 and start to stall as it hits the sell price for these traders. 

2. If you set your sell price at $300/share, your trade will be delayed or just not executed because it will never get to your target price.

You can take advantage of this by setting your sell price just below $300. You might miss out on a few cents a share but it will pay off when your shares actually sell.  

I'm selling a few of my (long term) stocks with a target price of $298.80.
Click on the Help line above for more information about this.  

(Please read my investing disclaimer >>>>)

  

You can see this same chart by simply searching for "Tesla Stock" in Google.