🔥 Tesla’s Pre-Earnings Tango Amid the S&P 500 Earnings Bonanza 🔥
The curtain rises on an electrifying earnings season, with the S&P 500 ($SPY) set to showcase fiscal performances from over 400 companies by February’s end. With 60 more still unscheduled, this week’s spotlight shifts from Financials ($XLF), to Industrials ($XLI), as Technology ($XLK) gears up for its grand act.
🎬 Wednesday, A Financial Blockbuster
Brace yourselves for a high-stakes earnings showdown featuring ASML, Tesla ($TSLA), Meta ($META), Microsoft ($MSFT), Lam Research ($LRCX), and Apple ($AAPL), all reporting amidst Federal Reserve policy announcements. This dynamic confluence sets the stage for significant market shifts.
🔄 Tesla’s ($TSLA) Pre-Earnings Dance, A Historical Prelude
Tesla is no stranger to captivating pre-earnings theatrics. Historically, its stock follows a predictable, yet thrilling pattern:
• The Build-Up Tesla’s share price often experiences heightened volatility, typically with a slight bearish drift leading into earnings, fuelling speculation.
• The Psychological Gap Last time, the stock left an open gap below $396.26, creating a pivotal technical level.
• The Post-Earnings Drama Tesla’s post-announcement moves are notoriously sharp, either rocketing on upbeat news or dropping with surgical precision if results disappoint.
📈 Chart Insights: On the 30-minute chart, Tesla exhibits a falling wedge, a classic precursor to a bullish breakout. Oscillators signal oversold conditions, hinting at the possibility of a rebound.
📅 Key Date Tesla’s earnings call on 29 January 2025 promises more fireworks. Last Friday’s close at $405.47 keeps “Tessie” poised for an emotional rollercoaster 🎢😕😊.
🌟✨🌟 The ‘Magnificent Seven’, Ready for Action
Tesla joins the elite cadre of $MSFT, $META, $GOOGL, $AAPL, $NVDA, and $AMZN, the “Magnificent Seven.” As RSI levels reset across these tech titans, the potential for collective or divergent moves adds another layer of intrigue. Can the group deliver a united front, or will individual narratives steal the spotlight?
📌 Earnings Highlights, 27 Jan, 2 Feb 2025
• Monday $AGNC, $NUE, $SOFI
• Tuesday $BA, $GM, $SAP, $RCL
• Wednesday $ASML, $TSLA, $META, $MSFT
• Thursday $AAPL, $INTC, $MA, $UPS
• Friday $XOM, $CVX, $ABBV
🚀 Maximise Market Momentum
I believe Tesla’s ($TSLA) upcoming earnings will serve as a pivotal inflection point, not just for the company, but for the broader EV and tech ecosystem. With its history of market-defying innovation and financial surprises, Tesla has the potential to reignite bullish momentum, particularly if earnings exceed expectations or forward guidance reaffirms growth in key markets like energy storage and AI-driven automotive advancements. The falling wedge pattern, combined with oversold conditions, suggests that Tesla is strategically poised for a breakout, reinforcing my conviction that this earnings cycle could mark the beginning of its next upward trajectory.
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Happy trading ahead! Cheers BC 📈🚀🍀🍀🍀
@Tiger_comments @Daily_Discussion @TigerPicks @TigerStars @TigerTradingNotes @TigerClub @MillionaireTiger @CaptainTiger
Comments
Thanks BC 🙂
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?