TSLA Momentum Strong Ahead Of Earnings

TSLA Momentum Strong Ahead Of Earnings for NASDAQ:TSLA by FXCM

TSLA Momentum Strong Ahead Of Earnings

Tesla, Inc. NASDAQ:TSLA



TSLA releases its earnings today after market close. It’s EPS forecast is 1.58. Technically, the stock has a bullish stack with the green short EMA above the orange intermediate EMA , and the orange intermediate EMA above the slow red EMA . Moreover, the EMAs have angle and separation which indicates an underlying momentum. The company is on track to deliver 50% more vehicles than its previous fiscal year – this, despite supply-chain disruptions. Market participants anticipate good result, however, will be looking to see if the pace of appreciation is maintaining or declining.

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