charttrader

Tesla oversold

NASDAQ:TSLA   Tesla, Inc
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4
Seems to be really ovesold. Tesla today officially announced the pricing, options and timing for next year´s US launch of the Model S. The fact that the company is on track to meet both commitments is clearly bullish for the stock. Consequently, we remain bullish on Tesla and expect to see a retest of the $34.94 November high.

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WOW ! Excellent job Chart trader :)
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Thank you thank you thank you:) I'll keep trying to do even better. Please follow me.
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Closing this perfect trade.
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timwest charttrader
"Perfect" isn't the word I would choose at all to describe this trade. But keep up the good work. Don't be a braggart! Let your followers do that for you. Sorry if you swat me like a bee at a summer party, but suffering a spanking 20% decline isn't my idea of a perfect trade. No offense.
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Could not disagree, Tim.
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Tesla collapsed in the last 45 minutes of trading on Friday. The stock hit a low of 22.64, down ~20% from its previous close. Nevertheless, from a big picture perspective, Tesla looks heavily oversold.
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