Yesterday, Tesla delivered its earnings data for Q2. The electric vehicle manufacturer beat all topline and bottom-line expectations, reporting a net income of more than $1 billion for the first time ever.
The share price is likely to rebound from the bottom of the ascending channel, as well as from the 200-day MA (in purple) and the 100-day MA (in blue), and test the psychologically significant resistance at 700.00.
If it manages to break the latter, the share price is then likely to head towards the 61.8 per cent Fibonacci retracement level.
The share price is likely to rebound from the bottom of the ascending channel, as well as from the 200-day MA (in purple) and the 100-day MA (in blue), and test the psychologically significant resistance at 700.00.
If it manages to break the latter, the share price is then likely to head towards the 61.8 per cent Fibonacci retracement level.