Way of a Trader Blog
Why TESLA stock is trading lower today after Q1 earnings and what you can learn from it?
Tesla Q1 earnings beat both top and bottom lines, numbers were great but the stock is down Tuesday, closing at 704, down 4.53% from Monday's close ($737.88)
I just uploaded a video today ( WATCH HERE ) explaining the real reason behind this drop, from the lens of understanding market mechanic's, the general public's predisposition going into 2021 Q1 earnings, and how the powers behind wallstreet had the incentive of moving prices down against public opinion ( eroding the huge option premiums going into the announcement.
( BIG FAT PROFITS FOR WALLSTREET BANKERS )
Intraday price action supports our downside bias, with a triangle break to the downside... and a weak close below 30min Dinapoli F3 ( .382 fibonacci retracement level )
Because of all this, I think there is further downside on Tesla this week, until we hit important Higher timeframe Fibonacci support nodes as indicated previously in the report.
These technical levels are calculated using advanced Fibonacci...
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Author
Joseph AuXano
Author
Joseph Auxano, is an active trader with more than 13 years of market trading experience. He obtained his degree in Finance from the University of Singapore. His passion for the markets started early. He was already actively involved with the stock markets before landing his first Job as a Trader at a Commodity Trading House in Singapore. His fascination for the markets continued to drive his search for the Holy Grail of Trading, and his research on Fibonacci Techniques. This led him to discovery of DiNapoli Levels in 2007. Since his training under the tutelage of Veteran Trader Joe DiNapoli, he has since developed as a Professional Trainer and a full-time trader. It was with DiNapoli techniques, that he discovered first hand the freedom that came with trading. He has traded the markets out from Toronto, Miami, Siesta Keys, Singapore, and is now trading the markets out of Bangkok Thailand. Joseph Auxano is an Authorized DiNapoli Expert, representing DiNapoli Levels Methodology in the USA, South America and around Asia. In 2019, with the help and approval of Joe DiNapoli, Joseph developed the DiNapoli Academy Online Course, with the goal of helping aspiring traders in their journey with Dinapoli Trading Techniques.
