Tesla will report as soon as this Wednesday, Jan. 24, after the market close. Personally, I don't plan any trading activity here before the report. But at the moment the stock is in a technically interesting zone.
I see a double technical pattern here - Inv. Head and Shoulders. Based on the structure of the daily chart, the price is now in a potential right shoulder (RSh) zone, which could be a good area to start a position.
Meanwhile, the entire daily structure is a right shoulder (WkRsh) for the weekly pattern, which gives the current price zone more strength.
Of course, the report could break the technical pattern, but I will be watching and waiting for one of my triggers to occur.
I see a double technical pattern here - Inv. Head and Shoulders. Based on the structure of the daily chart, the price is now in a potential right shoulder (RSh) zone, which could be a good area to start a position.
Meanwhile, the entire daily structure is a right shoulder (WkRsh) for the weekly pattern, which gives the current price zone more strength.
Of course, the report could break the technical pattern, but I will be watching and waiting for one of my triggers to occur.
