Tesla (TSLA)

by | Nov 3, 2023 | Daily Trade Alerts

Keep an eye on Tesla (TSLA).

After gapping from about $240 to $191,25, the EV stock is starting to pivot higher. It’s also over-extended on RSI, MACD, and Williams’ %R. From its current price of $218.51, we’d like to see it refill its bearish gap around $240 initially. 

Better, if you pull up a two-year chart, you can see that every time RSI, MACD, and Williams’ %R get this oversold, the stock pivots higher shortly after, which is slowly starting to happen now.

We also have to consider that a good deal of negativity has now been priced into the stock.


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