TSLA Update: Inverted Head & Shoulders After Earnings
Reading about TSLA's result feel like reading about past promises of hope from the company management. A few quarters ago, Tesla was profitable. This earnings season, it wasn't; however, according to DOW JONES, "Chief Executive Elon Musk said he expected to be profitable "for all quarters going forward." "
Looking at the chart, we have a bullish chart pattern formation on the daily chart that sub-support the larger view on a larger time frame. This is a buying opportunity.
There are three levels of basic resistance at 293, 324 and 389. Beyond that, TSLA would create and all time high, which I believe that is where it is going by the end of the year.
Looking at the chart, we have a bullish chart pattern formation on the daily chart that sub-support the larger view on a larger time frame. This is a buying opportunity.
There are three levels of basic resistance at 293, 324 and 389. Beyond that, TSLA would create and all time high, which I believe that is where it is going by the end of the year.
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Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
