Nice volume on the way up. Comp rating and RS both =97. Earnings projected to be up +52% in 2024. Reports earnings on 1/30. Note the blue, black and green dot signals. (I warned you about holding TSLA.)
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Blog Post: Day 10 of $QQQ short term up-trend; My GLB Tracker Table, updated daily, shows stocks that had a successful GLB; Buying stocks that break-out to an ATH after a 3 month or longer consolidation can be very profitable
Of course not all GLBs, green line breakouts, are successful. The key is to sell a GLB breakout immediately if it CLOSES back below the green line. This table’s statistics are updated throughout the trading day on this blog.
Blog Post: Day 9 of $QQQ short term up-trend; 302 US new highs, 20 lows and 138 at ATH, $TSLA to report earnings this week and looks technically weak, see 10:30 weekly chart and possible shorting ETFs
TSLA reports earnings on Wednesday. I think this 10:30 weekly chart shows TSLA to be technically weak and possibly entering a Stage 4 decline. The stock is below its 10 and 30 week averages, the 10 week is below the 30 week and the 30 week average (solid red line) is starting to curve down. Its green line top is at 414.49, reached in November 2021. To bet on a decline one could buy put options or one of the bearish ETFs, TSLS or TSLQ or TSDD. I prefer to watch safely on the sidelines.
