TSLA looks weak ahead of earnings; In a classic triangle: Going to be explosive!
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
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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
YEP! guys I am still Bullish on Tesla. The volume is the true tell..NOT marketshare.
TSLA EV maker, AI, service co charging stations etc. Mucho revenue coming.
200 or 300 next week??？
Great ariticle, would you like to share it?