Can TSLA put together a comeback after earnings?
Strong Q4 earnings and the possibility of producing up to 2 million cars this year helped add to Tesla’s recent gains. The stock closed nearly 11% higher on Thursday after already breaking the downtrend resistance stemming back to September at the start of the week.
The gap higher does leave some room for a pullback on profit-taking from here, especially if Friday’s inflation data raises bets for a hawkish Fed decision next week. However, trading volume has been relatively higher around the recent lows, including Monday's breakout, potentially signalling strong demand at the current levels.
All trading involves risk, but the stock could begin a more sustained rebound if the strong earnings report, and Elon Musk’s comments on demand and output attracts longer-term investors.
The gap higher does leave some room for a pullback on profit-taking from here, especially if Friday’s inflation data raises bets for a hawkish Fed decision next week. However, trading volume has been relatively higher around the recent lows, including Monday's breakout, potentially signalling strong demand at the current levels.
All trading involves risk, but the stock could begin a more sustained rebound if the strong earnings report, and Elon Musk’s comments on demand and output attracts longer-term investors.
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TeslaSmurf : Fact is that the real production target is not “up to” 2 millions (1,8 declared = massive sandbagging from Elon)… If you are embedded in Tesla’s DATA, 2 million is the bear case scenario.
2,2 million EASY