Tesla surprised Wall Street in its first-quarter earnings report, outperforming both top and bottom expectations and publishing its third consecutive quarterly earnings. The electric car manufacturer was expected to report a loss of 36 cents per share, but earnings per share appeared to be $1.24.
Tesla, H4
Pivot: 800.51
Analysis:
Provided that the asset is traded above 667.00, follow the recommendations below:
Time frame: H4
Recommendation: long position
Entry point: 800.51
Take Profit 1: 858.65
Take Profit 2: 908.20
Alternative scenario:
In case of breakdown of the level 667.00, follow the recommendations below:
The timeframe: H4
Recommendation: short position
Entry point: 667.00
Take Profit 1: 601.50
Take Profit 2: 535.30
Comment:
RSI shows further upward trend.
Key levels:
Resistance
Support
975.50
667.00
908.20
601.50
858.65
535.30
Tesla, D1
Pivot: 810.00
Analysis:
While the asset is traded above 667.00, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 801.00
Take Profit 1: 984.00
Take Profit 2: 1074.00
Alternative scenario:
If the level 667.00 is broken-down, follow the recommendations below.
Time frame: D1
Recommendation: short position
Entry point: 667.00
Take Profit 1: 519.00
Take Profit 2: 431.00
Comment:
RSI is above 50. MACD is above the signal line and positive. The configuration is positive. In addition, the stock is above its 20-day and 50-day moving averages (by 657.68 and 638.62, respectively).
Key levels:
Resistance
Support
1255.00
667.00
1165.00
519.00
1074.00
431.00
We also advise you to pay attention to Apple for intra-day trading:
Pivot: 288.14
Analysis:
While the asset is traded above 283.80, follow the recommendations below:
Time frame: H4
Recommendation: long position
Entry point: 288.14
Take Profit 1: 294.60
Take Profit 2: 297.60
Alternative scenario:
If the level 283.80 is broken-down, follow the recommendations below.
Time frame: H4
Recommendation: short position
Entry point: 283.80
Take Profit 1: 278.80
Take Profit 2: 275.80
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