$TSLA is up 10.8% from the Oct 17 close and is sitting right at resistance hours before earnings.
Tesla reports Oct 21 after the US close (20:00 UTC). Consensus is $28.06B in revenue and EPS of 0.45.
What the futures chart shows:
- Oct 17 close 350.4, now 388.1
- Resistance 384 to 389. Oct 9 high 388.9, today's high 389.0
- First support 364.4 (Oct 20 low)
- Swing low 347.6 to 350
- Funding 0.00%, open interest about 149K TSLA
The Roadster and flying car talk is great for headlines. It won't show up in Q3 numbers. This report is about auto margins, energy and guidance. A stock that ran 10% into the print needs a clean beat to break this zone.
My plan: I bought a small spot position before the report, average cost around 383. Size is small on purpose. A daily close above 389 after the numbers is where I'd add. A drop back under 364 is where I cut it.
Does TSLA break 389 after the report, or does this zone cap it again?
NFA. DYOR.
$TSLA
#EarningsSeason
Tesla reports Oct 21 after the US close (20:00 UTC). Consensus is $28.06B in revenue and EPS of 0.45.
What the futures chart shows:
- Oct 17 close 350.4, now 388.1
- Resistance 384 to 389. Oct 9 high 388.9, today's high 389.0
- First support 364.4 (Oct 20 low)
- Swing low 347.6 to 350
- Funding 0.00%, open interest about 149K TSLA
The Roadster and flying car talk is great for headlines. It won't show up in Q3 numbers. This report is about auto margins, energy and guidance. A stock that ran 10% into the print needs a clean beat to break this zone.
My plan: I bought a small spot position before the report, average cost around 383. Size is small on purpose. A daily close above 389 after the numbers is where I'd add. A drop back under 364 is where I cut it.
Does TSLA break 389 after the report, or does this zone cap it again?
NFA. DYOR.
$TSLA
#EarningsSeason