Tesla (TSLA) has been climbing higher since they found good support around $550 in the middle of May. Prices are trading above the rising 50-day moving average line and above the rising 200-day moving average line.
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We could see some further price recovery in the short-run.
While earnings season and lower commodity prices have cheered tech investors, the Fed's stance and recent speculative behavior provide reasons for concern.
The charts of the entertainment giant are modestly positive before it reports fiscal third-quarter results after Wednesday's close.
Traders should be aware that there are a number of favorite tech plays that will be reporting results after Tuesday's close.