Tesla (TSLA) has reached a significant support level, breaking through the 20-day moving average, signaling a short-term bullish trend. This technical indicator is favored by traders for smoothing out short-term price trends and predicting trend reversals. With a Zacks Rank #3 and positive earnings estimate revisions, TSLA could be poised for more gains.

A lesser-known semiconductor company is poised for growth in the booming semiconductor market, projected to nearly double by 2028. With strong earnings growth and a focus on AI, Machine Learning, and IoT, this company is in a prime position to capitalize on the industry’s expansion. Investors looking for opportunities in this sector should take note.

Read more at Nasdaq: Tesla (TSLA) Just Flashed Golden Cross Signal: Do You Buy?