Ahead of earnings on Wednesday

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!

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

bb_ray
2022-10-22
bb_ray
nice
GoodLife99
2022-10-19
GoodLife99
[Like]
YvonneHeng
2022-10-19
YvonneHeng
k
LesterTan
2022-10-19
LesterTan
Hope to rally
- Yonhuat:
  Hoping its up up all the way!
StockWatcher
2022-10-19
StockWatcher
[666]
robertzai
2022-10-19
robertzai
[Shy]

Leave a comment

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