AAL and TSLA earnings trade

TSLA

  • Based on previous earnings, we saw the a pop after it posted a profit and then it drifted for the rest of the day
  • Below is what happened in the last 2 earnings

1) If the stock holds on to its gains on the day of the earnings, potential upside there after

2) If the stock sells off on the day of its earnings, we could see a retracement back to $1350

  • For any reason market doesn’t react well, expect a flush to $1270 this is unlikely but should not be left out

AAL

  • Bollinger bands are tightening, MACD still looks bearish, RSI under 50. Going into earnings, stock is sitting at major lows and chart isn't strong.
  • Upside potential is at $14, if market reacts well to earnings
  • Downside support around $10






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