Tesla in a Tight Triangle: Will Earnings Spark a Breakout?

Tesla ( $Tesla Motors(TSLA)$ ) Technical Outlook 1 hr chart– Triangle Setup Ahead of Earnings

  • TSLA is currently forming a symmetrical triangle, with price compressing between rising support and descending resistance.

  • The key resistance level is around USD 333, while support lies near USD 310–315, forming the lower boundary of the triangle.

  • With Tesla’s earnings due on 23 July (after market), volatility may increase. Traders typically observe these patterns for breakout or breakdown setups.

  • A break above 333 could signal bullish momentum, while failure to hold above 310 may shift sentiment bearish.

Short-Term Trading with DLCs

  • Bullish scenario : If TSLA breaks above USD 333, traders may consider long DLCs ( $TESLA 3xLongSG261006(TSYW.SI)$ )to gain leveraged exposure to upside moves.

  • Bearish scenario: If price fails to hold above USD 310, traders may consider short DLCs ( $TESLA 3xLongSG261204US$(TSTW.SI)$ ) as a tactical way to capture downside.

  • Always remember DLCs are short-term trading tools—risk management and understanding product features (gearing, expiry, etc.) is essential.

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  • tothehill
    ·07-23
    Interesting analysis
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  • breezyk
    ·07-23
    Bullish breakout! 🚀
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