Tesla Motors TSLA Daily - Support From Last Earnings Release

I found this graph to be interesting to display how it is important to know what price levels that earnings were released at. If you consider that the post-earnings market action in the two-days after earnings are released create important support or resistance for the stock to hold or to push through.

Note how I have labeled the last three earnings reports with a red triangle. The triangle starts from the first day that earnings are released and continue for two additional days. I then make a triangle with that range and the apex or midpoint is often a key support or resistance level.

The next earnings are due in 36 days and I have taken an approximate block of time at the bottom of the chart to show you the estimated time of earnings.

The moving average is a 10-day moving average of up days and down days, separated.

Tesla TSLA held the logical support level and may re-test the 10-day moving averages up at 228-236.

Risk is approximately 30 points due to TSLA's 10 point average daily trading range.

215.46 last 5:34PM EST 4/8/2014 Tuesday