Investors nervous about Tesla’s first-quarter earnings can look to the stock charts to help center their expectations–and understand what comes next.
If earnings disappoint, “a break below…$200,” would be bad news for the share price, says ChartSmarter founder and market technician Douglas Busch. If the earnings news is well received, shares could approach $300 “real fast.”
“We are watching $206 as support,” says Fairlead Strategies analyst Will Tamplin. “‘Initial resistance is at the 50-day moving average, near $275.”
