From Tesla, released: July 12th, 2021, Business Wire: "Tesla will post its financial results for the second quarter of 2021 after market close on Monday, July 26, 2021."
I would expect Tesla to continue falling in price through Monday (07-26-2021.) Several reason would back up this theory: over-head resistance, the descending-triangle that's been forming and overall fear of an impending earnings report.
Purchasing at near market close would provide a good entry point if volatility continues throughout the day; driving the stock down and allowing for a better Bearish entry point. This would be an OPTIMAL entry zone if this scenario were to play out as expected, since the stock would be driven up by the market open the following day (07-27-2021.) If the scenario would be reversed though, sell by open of market (Tuesday!)
**Death Cross formed** (since July 8th on the day chart.) Death Cross also formed once again on: 07-23-2021 near the close-of-market (Friday.)
The R.S.I is also trending down.
Summary: Tesla DESPARTELY needs a good earnings report in order to show ANY KIND of bearish uptrend within the near future.
I would expect Tesla to continue falling in price through Monday (07-26-2021.) Several reason would back up this theory: over-head resistance, the descending-triangle that's been forming and overall fear of an impending earnings report.
Purchasing at near market close would provide a good entry point if volatility continues throughout the day; driving the stock down and allowing for a better Bearish entry point. This would be an OPTIMAL entry zone if this scenario were to play out as expected, since the stock would be driven up by the market open the following day (07-27-2021.) If the scenario would be reversed though, sell by open of market (Tuesday!)
**Death Cross formed** (since July 8th on the day chart.) Death Cross also formed once again on: 07-23-2021 near the close-of-market (Friday.)
The R.S.I is also trending down.
Summary: Tesla DESPARTELY needs a good earnings report in order to show ANY KIND of bearish uptrend within the near future.