Dear fellow traders
There is a strong bearish divergence on Tesla Stock. See the price rose from point A to Point B to Point C. But RSI Maxed out at point A on RSI chart. Point B was lower than Point A, and Point C was even lower than point B. See the chart for all the information.
The price may go sideways till it touches the blue trendline or it may fall right back to the upper trendline.
Perfect example of what happens when there is a bearish divergence on a stock is here :
TSLA
Note: This is not a financial advice. Do your own research before investing.
There is a strong bearish divergence on Tesla Stock. See the price rose from point A to Point B to Point C. But RSI Maxed out at point A on RSI chart. Point B was lower than Point A, and Point C was even lower than point B. See the chart for all the information.
The price may go sideways till it touches the blue trendline or it may fall right back to the upper trendline.
Perfect example of what happens when there is a bearish divergence on a stock is here :
TSLA
Note: This is not a financial advice. Do your own research before investing.