SENTIMENT FROM TESLA EARNINGS COUNTERBALANCES RISING YIELDS, GOOD FOR NVIDIA
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Counterbalanced Crosscurrents
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 prior to the release of Tesla earnings, TSLA stock was approaching the top band of the support zone.
- After the close, Tesla reported blowout earnings.
- Tesla earnings are significantly better than the whisper numbers. Stocks move based on the difference between report numbers and whisper numbers.
October 24, 2024