IS TESLA RUNNING OUT OF POWER?
Since hitting it's high water mark, TESLA shares have been consolidating is the high 3xx to low 4xx range; with RSI capping out around 60.0. This recent pull back has dropped the RSI to it's lowest point since April 2020, and getting very close to hitting oversold territory.
Volume has been slowing since the split, but that also means that this sell off has come in the form of lower volume flow than the influx that preceded it.
Until the rising channel breaks down, I don't see any reasons for overall concern here.
Since hitting it's high water mark, TESLA shares have been consolidating is the high 3xx to low 4xx range; with RSI capping out around 60.0. This recent pull back has dropped the RSI to it's lowest point since April 2020, and getting very close to hitting oversold territory.
Volume has been slowing since the split, but that also means that this sell off has come in the form of lower volume flow than the influx that preceded it.
Until the rising channel breaks down, I don't see any reasons for overall concern here.
