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
Comments
vaicru
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down !
:)
vaicru
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or up
MAZ4353
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Can you explain to me a bit more on how you found the green support line you drew? -thanks
timwest
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I made a new Tesla TSLA chart and posted it to show the "mode" to "mode" concept for support in that price zone. tradingview.com/v/bdfbjuBB
AYosof
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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 ???
AYosof
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tsla is rejecting some good demand zones. for daily trading.
timwest
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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.
vaicru
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completely disagree with you
the time will see
Good Luck
timwest
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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.
:)