The isn't oversold yet and earlier today it was closer to 'zero' when it was in the 224 range.
This is a long term forecast with a wide stop, but it is instructional to see that TSLA is still having a much easier time putting together rally days. Now that it is the beginning of a new quarter, it isn't uncommon for Portfolio Managers to lighten up on their winners to test them to see if they hold. The shorts get a break, but they ought to be there ready to buy back their shorts on every dip.
Risk here is wide, but I'll see what I can do to fine tune a specific entry since this signal is old, but working.
Tim 227.76 last -1.67 11:58AM EST