$TSLA TOP 20
Added 2024-07-24 11:10:28 +0000 UTCSo in short, $TSLA missed on earnings but beat on revenue, delivery numbers increased but gross margin declined and FCF declined.....so it was a mixed bag.
Earnings call appears to have been positive and all headline figures we spoke about yesterday before the report were focused on.
That being said, the price is down -8.5% in the PM now.
Dan Ives reiterated $TSLA's PT of $300 today.
On the chart, we can see that the 0.38 Fib at $231 has not been holding and the price is slightly below the yellow trend line right now.
We can see in April that $TSLA lost the $144 level slightly but held support at $138 and bounced over 100%.
So give the price action a chance to work, a lot of stop losses I suspect are sitting just below the yellow trend line at $228 and likely getting raided now.
The price can easily come down to the 0.5 Fib at $218 for Wave 4 and bounce from there, losing that level and the 200 Day MA is at play at $205.
