On April, 2nd 2020 TSLA reported that they had delivered a little over 88,000 vehicles.
This has been strong support for BULLS entering into Q1 Earnings season.
TSLA is expected to report earnings on or about April 22nd (maybe as far out as April 29th).
The general consensus for the EPS is $-1.31.
I'm seeing TSLA continue to rise until then with the strong BULL support with 3 possible resistance levels. $675 $700 and $750
After that the BULLS (and anyone covering their SHORTS) will begin to sell: Tesla continued to work through most of the start of the lock-downs, but eventually had to oblige to lock-down orders. They have put many of their sales and delivery staff on furlough and slashed employee pay since. I believe Tesla stock will feel the BEARISH consensus following earnings. Looking to buy in long then.
The shaded box is the range I am giving for their Earnings, however general expectations would be April 22nd.
i'm sick of you'll trying to be smart after the move up and predicting more up.
russkishurik
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@canes1990, I'm confused as to your statement, it's as if you didn't read my analysis...
This "move up" you are sick of, is only short lived as I described, and I personally don't see it going much higher, but to include possible error in my analysis, I've depicted 3 possible resistance levels.
@Spiitz, @canes1990 LOL
Looks like Tesla not breaking that top resistance line, good thing I added for possible error 😜
How do you feel about theory going forward? I'm looking to short soon, maybe friday
Spiitz
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@russkishurik, hard to say, I think it goes back down short term, retraces headed into ER, and then who knows really. If it doesn’t drop before ER it will still fail to set a new high. Q2 will be a blood bath but that’s a good ways out. I figure we see 300s again but can’t say when. Strong resistance at 350 so expect a lot of long term buyers to rush in regardless of economy.
russkishurik
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@Spiitz, agreed. I can see it drop that low as well, but other signals show possible support around 400, I'm expecting a rush around there so I'll buy back then, I can deal with losing another 50 to a 100 and then buy call options at that point if it continues to fall to the 3s
Spiitz
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@russkishurik, I lean towards not breaking 400 so it’s a long term buy 4-500. Wild card being Q2 performance. Anything under 400 I’m leaning into hard and get more bullish on the way down.