Tesla is the first out of the big tech group to report its earnings this week. It is expected to report earnings tomorrow of $0.85 on revenue of $23.78bn.

As earnings season is upon us, the first big tech company to report its earnings is Tesla. Currently, its stock is trading at around $187.17 a share. We can see that the price has formed a base along the trendline ($176.11-$179.93), a break below this base could indicate further downside toward a key level resting at $163.96. Until tomorrow, the price should be rangebound within the triangle drawn on the chart. Though looking at the upside, for intraday trading, resistance sits at $189.67 followed by $191.58. A break above these levels may see Tesla’s stock price edge higher, but gains will be limited until after the earnings report is released tomorrow. Therefore, investors should be wary when trading as a clear direction will not be visible until earnings are out. Looking at the indicators, MACS is flat and RSI is neutral as it reads 50.