TradingElephant

Head & Shoulders TA+FA

Kort
NASDAQ:TSLA   Tesla
Using the fundamental information of the Earnings Date for $TSLA, as well as the Merrill Lynch analyst target, I'm using the Head and Shoulders pattern, a reversal pattern, to show a sharp bearish turn after the pattern becomes complete. I've placed the top of the right shoulder during the week of the Earnings Date due to the a possible sudden rise in TSLA price after the report, in line with a majority of other stocks that rose after their reports were released. The Head & Shoulders pattern uses the distance from the top of the head, represented by "A," and the baseline, represented by "B," to determine a bottom of the bear run, represented by "C". The Merrill Lynch analysts reports and the Head & Shoulders pattern in accordance with the earnings date show one possible movement for $TSLA

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