Tesla: Cybertruck Coming?
Tesla reported unimpressive deliveries for the third quarter because of factory downtime. However, the EV maker’s big news might not be in the past, but the future.
There has been growing buzz about TSLA’s Cybertruck being released soon. (Reports like promotional materials being created and more Cybertrucks spotted in public.) This may pave the road to the upside in coming weeks.
There are also potentially bullish patterns on the daily chart.
First, you have the rising trendline along the lows of late April, mid-August and late September. TSLA’s most recent pullback did nothing to violate that support.
Second, the stock has continued to hold the $240 level we cited in late August before the shares jumped above $275.
There has been growing buzz about TSLA’s Cybertruck being released soon. (Reports like promotional materials being created and more Cybertrucks spotted in public.) This may pave the road to the upside in coming weeks.
There are also potentially bullish patterns on the daily chart.
First, you have the rising trendline along the lows of late April, mid-August and late September. TSLA’s most recent pullback did nothing to violate that support.
Second, the stock has continued to hold the $240 level we cited in late August before the shares jumped above $275.
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