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Stocks This Week Follow Up: Grindr And Tesla Are Moving Higher
GRNDGrindr (GRND) Forbes·2024-12-16 22:01

Group 1: Stock Market Trends - The stock market is expected to continue its December rally into January, with a correction anticipated in February and March [1] - February is noted as the weakest month in the 48-month election cycle, as highlighted by Arthur Merrill [1] - For the remainder of 2025, higher stock prices are expected, with June and August-September identified as potential corrective periods [1] Group 2: Grindr Inc. Performance - Grindr Inc. operates a social network and dating application for the LGBTQ community, with stock recommended for purchase at 12.72onOctober21,nowclosingat12.72 on October 21, now closing at 19.62, reflecting a 54% increase [2] - Monthly cycle analysis suggests a potential top in mid-January and a projected low in July 2025, although the data is limited to four years [2][4] - The daily graph indicates an uptrend, with relative strength rising since autumn 2023, and the share price is expected to approach 30beforeacorrectionin2025[5][6]Group3:TeslaPerformanceTeslawasrecommendedforpurchaseat30 before a correction in 2025 [5][6] Group 3: Tesla Performance - Tesla was recommended for purchase at 213.65 on October 23, with the stock now closing over 460,indicatingabreakoutfromalongconsolidationpattern[7]Thebreakoutprojectsasharepricerangeof460, indicating a breakout from a long consolidation pattern [7] - The breakout projects a share price range of 550-$650, with the monthly cycle indicating that the cycle does not peak until June 2025 [7][9] - Tesla is noted as one of the few major tech stocks that are not currently overbought on a monthly basis [8]