$TSLA Earnings: Why I’m Staying on the Sidelines 🔔🐯

PeterDiCarlo
10-22 19:20

You know my view on $Tesla Motors(TSLA)$ . Here’s a quick recap ahead of earnings.

We went long this summer around $310 and closed the position for a solid profit. So why am I not back in?

Simple: The risk/reward isn’t attractive enough.

📉 Daily and internal structure remain bearish.

🚧 $420 is heavy resistance.

🔴 Monthly BX Trender is still red.

I need two things before taking a new position: a short-term discount or a confirmed bull cycle. Neither is in place right now.

Here’s my game plan:

🎯 If $TSLA pushes toward $420 after hours: I’ll watch for a rejection. If it breaks through, I’m fine missing the next leg up.

📉 If it breaks down: $345 is the first level I’m watching. If that fails, I expect another move lower toward $300.

Either way, I’m comfortable sitting this one out.

We already banked our profits. If $TSLA sells off and the setup improves, I’ll look for an opportunity to get back in.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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