Certainly there was no shortage of anxieties and anticipations from those that were waiting for the earnings report to come out for TSLA and GMCR after the market close today. Those that are holding long position on TSLA certainly got rewarded, but those that are holding long on GMCR did not.
Looking at the after hour price actions, TSLA could continue to head higher and potentially could get to the 175 level.
For GMCR, it needs to hold the 67 support. If it breaks below the 67 support, it could potentially dip down to near 60 to fill the recent price gap. One must pay attention to the evening star candlestick price pattern. At this elevated level, this price pattern could prove to be bearish.
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Disclosure: No position in GMCR, TSLA
