The Long Investor

$TSLA TOP 20

Added 2024-07-21 19:52:06 +0000 UTC

$TSLA went from the worst performing stock in the S&P 500 in April to recovering nearly all of the losses this year and looking like one of the strongest Mega Caps right now, the count has moved exactly as expected and the only variable was whether Wave 4 would retest the breakout level again and it appears as though this will happen now, it will likely need to test a support before going higher.

We can also see that the 50 Day MA is moving up towards the 200 Day MA now and will soon put in a golden cross, which is a bullish signal

All eyes will be on the test of the breakout level at $227 and the the 0.38 Fib now at $231.

Big catalyst this week is the earnings report which is one of the important Mega Caps that can influence the market and they report on Tuesday after the close

We can see on the last earnings date, the price tested $142 and then started its incredible bull run.

So if the market likes what it hears, this could move up to Wave 5 next at $324.