Tesla Nearing a Breaking Point

13 ก.ค. 2023

All Indicators on Tesla are beginning to show signs that the stock is beginning to Break Down. As my chart indicates there are several signals that are weakening including the daily lower volume as the price has continued to rise along with a BEARISH Rising Wedge. To me it is apparent that as it reaches July 19th for it's next Quarterly Earnings Report there may be a spike up to $294.00 however given the revenues and expextations to beat current earnings estimates the stock price is already maxing out so I believe the Price will then have a Healthy retracement down to around $250 through August. I would be inclined to watch for the top and Sell and/or Short on the earnings date or shortly thereafter.

19 ก.ค. 2023

บันทึกช่วยจำ

Well I just about nailed it with today's high at $296.00. So the Bearish Wedge has held true to form and Tesla has now broken down much further after hours to $278.00. As stated above I'll be looking for re-entry around the $250.00 mark or even possibly at $242.00. Tesla still has so much that has not been expressed yet moving forward, but my one big question is Why are they still not advertising after Elon Musk said that this would be addressed.