TSLA SELL/BUY Trading Strategy Based on Revenue Reports
Updated
**TSLA SELL/BUY Trading Strategy Based on Revenue Reports**
In this strategy, we're considering potential TSLA buy and sell opportunities based on historical and forecasted revenue reports. Tesla has undergone two stock splits, which have had a positive impact on the growth of CFDs (Contracts for Difference). Typically, winter and autumn reports tend to be negative. From the stock splits, we've identified strong support in the $75 to $115 range. This price level is crucial, and the "smart money" concept suggests we have weaker support above that level, in the $170 to $180 range.
Following the latest stock split, prices surged to the $200 to $300 range, leaving an unclosed gap at $150. Our strong high is above $300, with an all-time high (ATH) above $400. Bullish seasonal support was broken, and prices reverted to a bearish seasonal trend after negative reports. We've traded within a range of $160 to $300, employing range trading, but this was disrupted after breaking the $240 support level, resulting in a drop to $190.
In this bearish trend, looking ahead to forecasted negative seasonal reports, we aim to push the resistance level down to $180 to close the gap at least halfway and then rebound northward toward the seasonal ATH above $400.
Our long-term rebound and growth are based on Tesla's high potential as a market leader in the electric vehicle segment, underlined by upcoming global legislative changes aimed at phasing out internal combustion engines by the year 2035, changes that have been in implementation since the early 2010s.
In this strategy, we're considering potential TSLA buy and sell opportunities based on historical and forecasted revenue reports. Tesla has undergone two stock splits, which have had a positive impact on the growth of CFDs (Contracts for Difference). Typically, winter and autumn reports tend to be negative. From the stock splits, we've identified strong support in the $75 to $115 range. This price level is crucial, and the "smart money" concept suggests we have weaker support above that level, in the $170 to $180 range.
Following the latest stock split, prices surged to the $200 to $300 range, leaving an unclosed gap at $150. Our strong high is above $300, with an all-time high (ATH) above $400. Bullish seasonal support was broken, and prices reverted to a bearish seasonal trend after negative reports. We've traded within a range of $160 to $300, employing range trading, but this was disrupted after breaking the $240 support level, resulting in a drop to $190.
In this bearish trend, looking ahead to forecasted negative seasonal reports, we aim to push the resistance level down to $180 to close the gap at least halfway and then rebound northward toward the seasonal ATH above $400.
Our long-term rebound and growth are based on Tesla's high potential as a market leader in the electric vehicle segment, underlined by upcoming global legislative changes aimed at phasing out internal combustion engines by the year 2035, changes that have been in implementation since the early 2010s.
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