TSLA Q3 Earnings 10/21 will obviously beat earnings for Q2. However, estimates for Q3 are much higher than for Q2 so I don't expect as much of a parabolic rally like last time.
Price Target for 10/21: $573.81 or about $2,869.05 pre-split
Expecting a small rally next week to first resistance point ~$458 before testing support again at around $415 on Friday 10/9 or Monday 10/12.
The following week (10/12 - 10/16) will be the one before earnings and when the price is sure to rally past resistance of $458, then to $470+, and finally onto $500++ around earnings time.
Price Target for 10/21: $573.81 or about $2,869.05 pre-split
- Support moving forward: $399 - $415
Resistance #1: ~$458-462
Key Resistance #2 (all time high): ~$500-503
Buy Zone: $403 - $415
Strong Buy Zone: $380 - $402
Expecting a small rally next week to first resistance point ~$458 before testing support again at around $415 on Friday 10/9 or Monday 10/12.
The following week (10/12 - 10/16) will be the one before earnings and when the price is sure to rally past resistance of $458, then to $470+, and finally onto $500++ around earnings time.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.