$TSLA TOP 20
Added 2024-10-24 11:58:12 +0000 UTC$TSLA reported after the close yesterday and although they missed on Revenue estimates, they beat EPS by +20% and their margins improved, particularly a large jump in their FCF on the previous year and quarter, which is something I always pay attention to for a company of $TSLAs size.
We can see on the chart that $TSLA had to react at this level or it was going back into the very large yellow descending wedge, and that is exactly what its done now and up +13.5% in the PM now.
I do not think that it is definitely clear now that $TSLA will move higher and make a higher high above $271 from July but I believe it can move in this bullish wedge until the remaining part of the year.
A breakout of this wedge would be bullish in my opinion.
Analysts increased their PT today but only a small amount stated their PT to be above $300, notably Dan Ives who is a big bull for $TSLA
I don't think anyone has missed the move here, the longer the price can stay in the bullish wedge, the better its chance of breaking out, as we saw with $NVDA since its last earnings.
$TSLA needs time to reap the rewards of his FSD Taxi's due next year.
Nevertheless, I have added the Targets if $TSLA can break out of this bullish wedge shortly.
