Tesla Earnings Bounce: Support Zones Key to a $540 Target

9 days ago

Stocks with Josh

"I want to talk to you guys about Tesla because theres a lot to unwind in that story. I believe that in this environment, we can get anywhere between 480 and 500 on this potential earnings event that is ahead of us next week. Now, as you can see, Im overall optimistic about getting a little higher here on Tesla as we get through their earnings. However, if the 411 and 396 support zone holds up, then I believe that in the next three to six months we could see a move to $540 or higher."

The speaker offers a trade call on Tesla, citing bullish technical factors. He outlines a support zone at 411-396 as critical for the stock to rally from its current levels, targeting an immediate range of 480-500 around the earnings event and a longer-term target of $540, provided support holds.

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