You are looking for a "one size fits all" answer, and no such thing exists. Its an art dude, there are dozens of different scenario's. In TSLA's case, it has (or had as of last week) the highest short interest of any stock in the U.S. So in cases like that, you have to take that into consideration. Then they blow out the expectations, on paper at least, and up it goes. So no... in this case I would say no T/A applies. Amazon is the same thing really. They can adjust their numbers and margins any which way they want for earnings, Bezos could care less about Wall Street's game. AMZN has always been like that. They will beat or miss whenever they so chose. Now... let the dust settle some on both TSLA and AMZN, let us enter a slow period when no other macro events are going on... and slowly but surely T/A will in fact work on them to an extent for both intra-day and as swing trades.
So either it doesn't work (you say) or it does work but only because it is self fulfilling (others say) is music to my ears in believing in and understanding and using FIBS since the late 90's. Difference in opinions make a market.
Very good possibility of a bounce off of short term support. Very likely it won't be a swing low that lasts:
We are already up like 20 points, so it wasn't such a difficult prediction. Of course it could sell out, but i think we bounce hard from the daily Bollinger. A dude on Reddit loaded up on 100 SPX calls averaged 9.5ish. That is balls.
Yeah and they're talking about Tesla shares going to $7000....https://www.marketwatch.com/article...e-gross-margins-51580750910?mod=mw_latestnews That's about each share worth 50% of a car..... Market goes up while China and world freight, tourism is suffering carnage. I think this is dead cat mkt.