After what certainly appeared to be a negative breakthrough of TSLA yesterday is turning around quite quickly. After 'CEO' Elon Musk's rather interesting interview on Friday the share price dropped 6%. However, now there has been an incredible price rejection and we are looking bullish again.
Looking at the RSI it is clear to see that TSLA has been under bought for over a week now. I believe this rejection is mainly a result of the market catching up again, and it couldn't have been at a better time.
Now that we are safely resting above the support curve again, it is fair to say that we can expect bullish behavior from TSLA over the coming weeks.
Looking at the RSI it is clear to see that TSLA has been under bought for over a week now. I believe this rejection is mainly a result of the market catching up again, and it couldn't have been at a better time.
Now that we are safely resting above the support curve again, it is fair to say that we can expect bullish behavior from TSLA over the coming weeks.