Tesla's Wave 5 is active, if the 200DMA Support Succeed, Price Targets to $300
$Tesla Motors(TSLA)$ does entering into a buying zone (Jan 9)
Disclaimer: Please note that the information provided in this stock analysis article is for educational and informational purposes only. It should not be considered as financial advice.
China Update:
In December, nearly 76,000 Tesla vehicles were sold domestically in China, almost setting a record.
Q4 sales in China totaled almost 170,000, marking a record quarter.
Model 3 wholesale sales set a record figure, indicating strong production.
Full-year figures show a 37% YoY increase in domestic sales and a 27% increase in exports, both setting records.
Be reminded that, $Tesla Motors(TSLA)$ going to report earnings on 01/24/2024 after market close. The report will be for the fiscal Quarter ending Dec 2023.
Chart Reading:
November 22nd 2023, I did posted that <<🎁Once $TSLA Stood Above the 60SMA, it Can Accelerate an Elliott Wave 5?>>
Chart on 22 Nov. 2023:
Chart on 9 Jan 2024:
Now it seems that $Tesla Motors(TSLA)$ has launched a wave of Wave 5. Once established, it will definitely exceed the previous high of $300.
Tesla has now fallen back above the GAP left in November, and is on the 5-day and 200-day moving averages. If this support is effective, it will be a good entry area.
Once Tesla falls below the line to fill the gap, then the trend turns more volatile.
As of post time, $Tesla Motors(TSLA)$ was slightly up 0.26% before the market opened.
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5 Questions for Tigers:
With $Tesla Motors(TSLA)$ about to release its financial report, what are your expectations for the company's future performance?
What notable achievements and performances do you think $Tesla Motors(TSLA)$ might have accomplished in the past quarter?
After the financial report is released, do you plan to adjust or increase your holdings of $Tesla Motors(TSLA)$ stocks? Why or why not?
What is your perspective on $Tesla Motors(TSLA)$ 's position and competitive advantages in the global electric vehicle market?
Are there specific financial indicators or performance data that you are most focused on in $Tesla Motors(TSLA)$ 's financial report?