Yonhuat
2022-10-19

Ahead of earnings on Wednesday after market close, tesla shares have pushed up ~7% from the past week drop to $220 levels. Many analysts expect report to beat earnings forecast. If this the classic, buy the rumor, sell the news on earnings day? Tuesday saw a attempt to break the $230 resistance, seen as uptrend mark to break for upside move. from $229+, it faded down before buyers come in at $219. Wednesday may see price try for $230. I do not see this staying higher after earnings, unless musk does his magic wand move to spur optimism for Q4, I see Teslatrade below $230 and test last week low again. It is risky to trade during earnings , if you need a quick buck, snap up profit when your trade is green.

Not investment advice. Happy investing tigers!

Will Tesla drag down the broader market?
On the long-waited Investor Day, Tesla plunged 5.61% after market. ----- [TOPIC] Will Tesla drag down the broader market? What's your trading strategy for you today? Plan to hedge Tesla's plunge or bottom stocks?
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