TSLA looks weak ahead of earnings; In a classic triangle: Going to be explosive!

Asphen
2023-10-14


Daily Chart

- What an incredible setup!

- Triangle formation

- All MA lines are compressed in the middle 

- Price action is right now around MA20 

- Bollinger Bands are contracted and both pointing inwards

==> All points to a super explosive move (up or down) pre-post-earnings!


Where can it go?

- Upper near term limit is 270 (Upper bollinger band, but if it breaks up, BB will point upwards and move accordingly to possible 300)

- Upper bottom limit is the range 240-232 again (mentioned multiple times in my analysis so far) with a breakdown towards 219 and 209


So choose your direction. No one can tell which way it will go.

Observe, React, Don't Predict. 


If there are any pre-earning moves, I will take strangles edges. 


Good luck on 18 Oct 2023, all!

TSLA Daily Chart - 14 Oct 2023

@Deposit  @TigerStars  @LMSunshine  @macroB  @CaptainTiger  @melson  

$Tesla Motors(TSLA)$ 

šŸ’° Stocks to watch today?(17 May)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? šŸŽ Make a post here, everyone stands a chance to win Tiger coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • PaulaBaldwin
    2023-10-14
    PaulaBaldwin

    When looking at technical indicators and long period trend of the stock, right now the stock should be bought. But the earning report is on the way, honestly because of having lower deliveries in 3rd quarter I don't expect a WOW effect. The Stock price could dive deeper. My paint of view is buy as much as you can of every level gradually

    • Asphen:Ā 
      Good point. I too see a negative reaction to this week, but it does not impact the longer term fundamentals.
  • BenedictMill
    2023-10-14
    BenedictMill

    YEP! guys I am still Bullish on Tesla. The volume is the true tell..NOT marketshare.

  • BruceBryant
    2023-10-15
    BruceBryant

    TSLA EV maker, AI, service co charging stations etc. Mucho revenue coming.

    • Asphen:Ā 
      let's see if the weaknesses show through or it brings it around
  • WendyDelia
    2023-10-15
    WendyDelia

    200 or 300 next week??ļ¼Ÿ

    • HLPA:Ā 
      200 first then 300
    • Asphen:Ā 
      Good range! it can certainly go either way!
  • macroB
    2023-10-15
    macroB
    Cathie sold more! she is pretty good with Tesla šŸ¤” does this mean..
    • Asphen:Ā 
      yeah... she has been good in when she exit at some high and accumulate at some low...
  • Aqa
    2023-10-16
    Aqa
    Vite up or down how much?
    • Asphen:Ā 
      between 270 and 240
    • Aqa:Ā 
      Liked snd shared šŸ‘šŸ»
Leave a comment
19
128