$TSLA finished the week very strong and just finished shy of the $271 high level from July.
Price has jumped from $212 to $269 since their earnings on Weds after the market closed.
As it states on the chart, holding above the green line at $271 and you've got to give it to the bulls that they can get this higher to the next target at $330.
I believe that the bounce has been very strong so far and some consolidation in the wedge bleow would be more ideal before moving higher is needed.
Revenue needs to catch up with the valuations and the forward expectations of driverless taxi services.
For now, bulls are in the driving seat.
Federico Salerno
2024-10-27 19:09:25 +0000 UTC