April 24, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Musk Lifts Stock Market Sentiment

Please click here for a chart of Tesla stock (TSLA).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of TSLA stock is being used to illustrate the point.
• The chart shows that TSLA stock fell to the upper band of the support zone prior to earnings.
• The chart shows a big move up after TSLA earnings.
• RSI on the chart shows that prior to earnings, TSLA stock was very oversold, and thus it was easy for it to bounce.