TSLA to $300?
Earnings coming up WED(blue line). Looking for a huge surge this coming week heading into earnings. Would like it to retrace and bounce off $280 but I feel like it could gap up on Monday. Looking for it to hit $290 by Wed before we could see is hit $300+ AH in earnings.
Note
TSLA filling in this wedge really nicely. Seeing it touch $193 maybe 194 then finish day around $190-193.Note
Oops, just realized last post was 190s... Well what a day! retested $286, went as high as $295 and ended the day around $293. Closed right where I wanted it to. I see it possibly retesting $290, trade sideways before pumping in the last 2-3 hours to $300. For earnings, if it beats EPS, guidance and margins are good, we could se $310+. Although, if guidance or margins are bad, we could see it back to $286-280.
Leaning more bullish since they previously had a record month. But really skeptical on margins.
Note
earnings day and despite beating revenue and eps, margins as well as short term guidance (aka. 3rd Quarter) was not good. Musk reiterated that TSLA's future ahead is strong but the short term will be unpredictable siting that they are expecting a drop in production for the short term. Due to not great guidance and margins, TSLA dropped AH and is now trading at my predicted targeted range of $280 AH. I could see it possibly bouncing around $176-173 range.
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