Technical Analysis (TA) of Tesla as we enter earnings (20Jul222)

Here is some background info on Tesla and the coming earnings:

Overview of Tesla for the last 1 year

Forecast of Tesla earnings for Q2/2022 with EPS of 1.86 and revenue of 16.52B

1D chart of Tesla dated 19Jul2022

Example of technical analysis that I would use - eg of Tesla $TSLA

Using 1D Tesla chart (19jul22). 

This is my chain of thoughts using Technical Analysis (using 1D chart as reference). 

Stochastic & MACD indicators are both showing an UPTREND.  

From the recent death cross in June 2022, the 50MA continues its downtrend.  However, there is a potential for reversal with the MA50 line cutting across the daily candlestick.  This implies that there is a potential for Tesla to enter "bullish" zone of the MA50 (whatever that is above the MA50 line - short to mid duration).  

*A death cross happens when a 50MA line cuts a 200MA line from above, usually, a bearish signal.  (MA stands for Moving Average).

From my EMA lines setup, Tesla has yet to turn bullish - seen by the fanning outwards of the 3 EMA lines (8,13,21).  (EMA stands for exponential moving average).

The wedge formation reveals that the market is "hesitant" and in the event of a breakout, it could go into either a big rally or a big dip.  

One last area to note is the volume of trading.  Avg trading volume ~ 30.75m but the last few days were 27, 23 & 26m - showing a lack of strength in the current trend.  Thus, in the short term, Tesla looks to be bullish though the trading volume shows a lack of strength in the current uptrend.  The market is probably edgy/cautious leading up to Tesla's earnings on 20th July 2022.

Let us do our research to qualify the company before investing.  In lieu of the current macro environment, let us spend within our means, invest with what we can afford to lose and set aside "cash for crash".  This will help us to buy great companies at good discounts.