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.