Hey All, this is a follow up to my Short on the US100 I took today just going into a bit more detail on what I see in Tesla. We have a MASSIVE divergence on the Weekly RSI thats been going on since the pandemic started and Volume has only gone down since the highs which isn't a great sign that this stock will breakout to the Upside. Its at the All time high resistance with these factors I don't see Tesla smashing earnings expectations enough to keep going up it could be Buy the rumor sell the fact.
Comment:
This Hertz announcement was definitely surprise blasting tesla higher on a Options Gamma squeeze. I still think it is running out of gas fast and will correct over the next week.
