timwest
Long

Tesla Motors TSLA Daily - Support From Last Earnings Release

NASDAQ:TSLA   TESLA MTRS INC
658 16 7
I found this graph to be interesting to display how it is important to know what price levels that earnings were released at. If you consider that the post-earnings market action in the two-days after earnings are released create important support or resistance for the stock to hold or to push through.

Note how I have labeled the last three earnings reports with a red triangle. The triangle starts from the first day that earnings are released and continue for two additional days. I then make a triangle with that range and the apex or midpoint is often a key support or resistance level.

The next earnings are due in 36 days and I have taken an approximate block of time at the bottom of the chart to show you the estimated time of earnings.

The moving average is a 10-day moving average of up days and down days, separated.

Tesla             TSLA             held the logical support level and may re-test the 10-day moving averages up at 228-236.

Risk is approximately 30 points due to TSLA's 10 point average daily trading range.

215.46 last 5:34PM EST 4/8/2014 Tuesday
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AYosof
2 years ago
Test of 203 should come tomorrow? then a rally, I wonder if it closed above 215 it might not come to 203 what do you think?
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mazdaki PRO
2 years ago
yes, this makes sense, as the support will be the leveling off of pre release expectations against the reality after post release of information. Now the extent of the average will depend on the volatility of the stock.
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Good analysis time (especially the simplicity). I'm continuing to hold on to the short, with stops now moved into +ve @ 227 (from 230). I've updated a new TSLA chart based on what i'm currently reading about volume analysis. In a nutshell, I think price will continue to range for a few bars, perhaps make some false breakouts to shake up some of the traders still holding on to TSLA (won't be surprised if i'm stopped out at 227) while building enough volume for price thrust. If price breaks above 215 on good enough volume to consolidate between 230, then i'd see that as a small sign of a bigger break out taking shape which should coincide with the earnings.

Chart:
Tesla - Perhaps in an accumulation phase
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Tittipupa
2 years ago
Dear Tim,
slowly, buy everyday more,
I am learning from you.
I would be more expert in english language to be able to tell you, in a better way, how much I respect you, your work and tre passion you put into doing it!
Thank you
Cheers!
Tittipupa
Reply
timwest PRO Tittipupa
2 years ago
Thank you Tittipupa. I'm glad you appreciate the work I am doing for the benefit of all of us. It is nice when we can find important levels to trade from and look at it as probabilities and risk/reward. These earnings release dates do provide excellent support and resistance levels from which to devise trades. All the best, Tim
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vaicru PRO
2 years ago
completely disagree with you
the time will see
Good Luck
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timwest PRO vaicru
2 years ago
Hello vaicru. What do you disagree with? I simply labeled earnings release dates and showed how the market acts/reacts around those levels. I'm curious what you are disagreeing with.
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vaicru PRO timwest
2 years ago
Hello Tim
Time will tell
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timwest PRO vaicru
2 years ago
Ok. I think it is a viable strategy that I am comfortable with based on many observations. It makes sense that those 3 days (1-day before, the day of, and the day after earnings) provide a meaningful support or resistance level as many participants were involved in the stock on those days which creates a level of "market memory". Charts come alive when fundamentals are added to them. You can see when the market is reacting to something real.
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timwest PRO
2 years ago
Note the green line I drew on the chart - it corresponded to an important level for TSLA - The level was a high-frequency daily price level from the previous consolidation in the fall of 2013 through year end.
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MAZ4353
2 years ago
Can you explain to me a bit more on how you found the green support line you drew? -thanks
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timwest PRO MAZ4353
2 years ago
I made a new Tesla TSLA chart and posted it to show the "mode" to "mode" concept for support in that price zone.
Tesla Motors TSLA Daily Forecast for the next quarter = UP
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AYosof timwest
2 years ago
Nice analysis, tim, If I am not wrong nowadays I see tsla is more dependent on spx500 us. I see the analsysis on spx500 is moving tsla any say on this ???
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AYosof AYosof
2 years ago
tsla is rejecting some good demand zones. for daily trading.
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vaicru PRO
2 years ago
down !
:)
Reply
vaicru PRO vaicru
2 years ago
snapshot


or up
Reply
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