TSLA is still struggling to rise above its ATR level at $258. So long as it is below, a better buying opportunity lurks ahead, either on a new leg up with an initial close above $260, or an ABC decline bottoming out around earnings due out on July 24th. TSLA 240 Minute Trading Model TSLA & Earnings Dates, 2023 Daily Trading Model Along the bottom axis this Intermediate Term Daily Price Bar Model highlights the two previous 2023 earnings dates and share price performance intermediate term thereafter. It supports a forecasted low toward the end of July which would server to catapult shares well above $300 going into the second half of this year. The ATR line on this daily model is at $250, keeping the intermediate term trend still bullish. In other words, between $250-260, TSLA is non-committal as to near term direction. A close above $260 and we want in on the new OTM calls highlighted in yesterday's update. TSLA Calls: Blue Line PRO Trades QQQ Short-Term Model: In the Bearish Column for Now The odds are 50-50 that we get a steep sell-off from these levels. Not good betting odds and with holiday week coming up, not a time to be aggressive on either side of the ledger.
