TSLA Momentum Strong Ahead Of Earnings

TSLA releases its earnings today after market close. It’s EPS forecast is 1.58. Technically, the stock has a bullish stack with the green short EMA above the orange intermediate EMA, and the orange intermediate EMA above the slow red EMA. Moreover, the EMAs have angle and separation which indicates an underlying momentum. The company is on track to deliver 50% more vehicles than its previous fiscal year – this, despite supply-chain disruptions. Market participants anticipate good result, however, will be looking to see if the pace of appreciation is maintaining or declining.