There is a lot of talk online about this top yellow trend line, many believe it will reject at this line and finally come down, after two very strong runs since the start of 2023.....credit needs to be given where it is due tho, every time $TSLA was doubted, it comes back stronger and has broken above some important levels and has held above them too. Most recently breaking back above the $268 level and bouncing on strong quarterly production numbers.
What is interesting is that where I have $TSLA potentially breaking above the yellow line, where I have circled in white, it is the exact date when $TSLA reports their earnings.....so this is an important catalyst.
The 19th of July is therefore significant.
Margins will be the important factor in this earnings I believe, as the trend has been decreasing.
A strong beat and this will continue along the Wave 3 projection.
So the level to watch is exactly at $300 and the 19th of July.
Gareth Neary
2023-07-15 17:47:41 +0000 UTCParth Shah
2023-07-15 17:28:34 +0000 UTCYoko Yu YYKK #4204
2023-07-15 16:14:15 +0000 UTC