Why TSLA Could Be Set to Rise: Key News and a Great Entry Setup
Updated
Tesla (TSLA) is in the spotlight right now, and several factors suggest a potential bullish trend in the stock next week:
Strong Delivery Numbers: Tesla recently reported its Q2 2024 delivery figures, which exceeded many analysts' expectations. While the numbers were lower than last year's, they still indicate solid performance in a competitive EV market, with other automakers also experiencing growth.
Upcoming Earnings Report: Tesla is scheduled to announce its Q2 2024 earnings on Tuesday. Analysts are forecasting revenue slightly above last year’s figures, with net income expected around $1.72 billion. Investors will be particularly interested in updates about Tesla's robotaxi plans, which have been postponed to October. This anticipation could drive excitement and boost the stock price.
Market Recovery: Recently, TSLA experienced a drop of about 12.4% due to a global market sell-off. However, the stock has started to recover, and this volatility may present a buying opportunity, especially if the market stabilizes.
High Probability Setup: According to technical analysis, there is a high probability setup that has already formed, indicating a favorable entry point for bullish trades. This technical signal, combined with the positive news and upcoming events, enhances the likelihood of a price increase.
With these factors in play, including strong delivery numbers, an important earnings report, and a favorable technical setup, TSLA could see a bullish trend in the coming week. As always, be sure to conduct your own analysis and manage your risks before entering any trades.
6M:
3M:
1M:
2W:
1W:
3D:
2H: Entry
Strong Delivery Numbers: Tesla recently reported its Q2 2024 delivery figures, which exceeded many analysts' expectations. While the numbers were lower than last year's, they still indicate solid performance in a competitive EV market, with other automakers also experiencing growth.
Upcoming Earnings Report: Tesla is scheduled to announce its Q2 2024 earnings on Tuesday. Analysts are forecasting revenue slightly above last year’s figures, with net income expected around $1.72 billion. Investors will be particularly interested in updates about Tesla's robotaxi plans, which have been postponed to October. This anticipation could drive excitement and boost the stock price.
Market Recovery: Recently, TSLA experienced a drop of about 12.4% due to a global market sell-off. However, the stock has started to recover, and this volatility may present a buying opportunity, especially if the market stabilizes.
High Probability Setup: According to technical analysis, there is a high probability setup that has already formed, indicating a favorable entry point for bullish trades. This technical signal, combined with the positive news and upcoming events, enhances the likelihood of a price increase.
With these factors in play, including strong delivery numbers, an important earnings report, and a favorable technical setup, TSLA could see a bullish trend in the coming week. As always, be sure to conduct your own analysis and manage your risks before entering any trades.
6M:
3M:
1M:
2W:
1W:
3D:
2H: Entry
Trade active
Buy-stop entry activated
Note
Note
Trade closed: target reached
TP1 met, going to hold the rest till monthly structural liquidity level
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