TSLA huge run into earnings?
TSLA looks poised to fill the gap left behind after its last earnings. Gap fill also aligns with the upper trendline in yellow that has been weighing TSLA down since its ATH. If TSLA doesn't break thru the upper trendline, I can see TSLA retracing and backtesting 250-260 - a heavily confluence area - which can potentially be the buy zone for the next run into earnings. There is a channel TSLA is currently in coming from its bottom: Target by earnings is the top of the channel / fib extension (320-330)
Note
Channel within a channelNote
Bigger picture....we have a gorgeous inverse head & shoulders brewing up on the weekly timeframe
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.