TSLA = Bullish - hammered with bad news but its time to load up
As you all know TSLA has been having a very bad time with all the bad news and major recalls and Hertz selling TSLA cars for way too low value. But, if we get a pumped up earnings which we might get as 3 days ago we had news that "Tesla to raise pay for US factory workers" which implies they are making money (think so). So a huge beat up earnings might be only catalyst for Tesla at the moment. And now looking at chart as RSi is at lowest, also we are at the bottom trendline that we can draw from May 2023 to as of today and we are at major support, So, if we hold up here and bounce we might actually see TSLA move only up from here.
since TSLA has been dropping on earnings for past earnings, well it can happen this time also, as nothing is sure in this market. But its a probability and risk that we take with our own computations and due diligence. So do yours as well. Im buying here for potential target of $260 shortly with earnings and on the contrary $180, and on bullish case my monthly target remains at $320 in coming month or 2. Let's see where we go.
Not an advice, do not follow blindly, do your due diligence too. Thanks.
since TSLA has been dropping on earnings for past earnings, well it can happen this time also, as nothing is sure in this market. But its a probability and risk that we take with our own computations and due diligence. So do yours as well. Im buying here for potential target of $260 shortly with earnings and on the contrary $180, and on bullish case my monthly target remains at $320 in coming month or 2. Let's see where we go.
Not an advice, do not follow blindly, do your due diligence too. Thanks.
Comment:
bottom target reached, now playing for bullish flag pattern