On the daily RSI, we can see a theme of consistent higher lows being formed since the August 18 bottom
If price holds up into earnings, I would not be surprised if Tesla rallies back to the $300s on Model 3 Highland & Cybertruck delivery day news, a belief of mine that I've long held for the past 2 months
I do not think we will see a significant selloff like what we saw in August - September, because we do NOT have significant bearish divergence forming on this timeframe
If anything, there is hidden bullish divergence given the RSI is making higher lows, possibly waiting for earnings this wednesday to confirm an uptrend
SPY & QQQ have also potentially found their bottoms & could make some bullish moves in the coming weeks, will make a TA post on those tomorrow
Worst case scenario: we retest our August 18 low of $212, a great price to load up on more shares (I am personally getting VERY close to 100 shares as of writing, 13 to go!)
If price holds up into earnings, I would not be surprised if Tesla rallies back to the $300s on Model 3 Highland & Cybertruck delivery day news, a belief of mine that I've long held for the past 2 months
I do not think we will see a significant selloff like what we saw in August - September, because we do NOT have significant bearish divergence forming on this timeframe
If anything, there is hidden bullish divergence given the RSI is making higher lows, possibly waiting for earnings this wednesday to confirm an uptrend
SPY & QQQ have also potentially found their bottoms & could make some bullish moves in the coming weeks, will make a TA post on those tomorrow
Worst case scenario: we retest our August 18 low of $212, a great price to load up on more shares (I am personally getting VERY close to 100 shares as of writing, 13 to go!)