$TSLA

TSLA is a two-sided trade: a rally into the trendline is shortable just below 400, while a sharp fall to the lower trendline is a buy, a level that has repeatedly produced strong rallies; disappointing earnings could bring it there over the coming weeks or months.

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“AI Rebound After Fear Of Crash Fades, Oil Drops As Gold And Silver Stall...Here Are The Trades!”
Verified InvestingPublished Oct 19 · 2 passages

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We're going to see Meta, Tesla, SpaceX all coming out with earnings.

Tesla reports later this week. Basically, I'm just following this parallel. So, you have the trend line here, trend line here connecting lows and highs. If we rally into this, that would be a shortable level uh just below 400.

If we fall sharply, I would absolutely be a buyer down here. I won't fall that much on earnings obviously, but if they have a disappointing earnings and it does start to fall, maybe in the coming weeks or months it gets down there, that's my buy level.

It is a beautiful one that every time we've hit it, look at the rallies off of this level. It has been incredible to be a buyer at those pinpoint levels.

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