Hello friends, looking at the weekly chart of Tesla today, we can see the trend has continued to play out in the bull's favor, today I wanted to bring some good and bad news regarding Tesla Stock
Bad news first, (Not pictured) The Daily RSI is approaching overbought levels, proceed with caution around the $220 - $232 range respectively as we may see a short term pullback to the $170 region...
which is the perfect buying opportunity before resuming the uptrend going into the spring/summer season
where we expect Cybertruck to enter production & continued ramping at the Texas & Berlin Gigafactories
Good news, shall we?
Pay attention to the Weekly RSI, if you are buying Tesla under $300, you are taking away the steal of the century *if* the history of Tesla's weekly RSI is of any indication
In addition, the Weekly MACD is STILL trading within a negative range, showing the upside potential could be absolutely astronomical
This is only the start of the new bull cycle for tesla & we have a long way to go in 2024 & 2025...
strap yourselves in, DCA into your long positions & prepare for some of the most insane moves to come
Bad news first, (Not pictured) The Daily RSI is approaching overbought levels, proceed with caution around the $220 - $232 range respectively as we may see a short term pullback to the $170 region...
which is the perfect buying opportunity before resuming the uptrend going into the spring/summer season
where we expect Cybertruck to enter production & continued ramping at the Texas & Berlin Gigafactories
Good news, shall we?
Pay attention to the Weekly RSI, if you are buying Tesla under $300, you are taking away the steal of the century *if* the history of Tesla's weekly RSI is of any indication
In addition, the Weekly MACD is STILL trading within a negative range, showing the upside potential could be absolutely astronomical
This is only the start of the new bull cycle for tesla & we have a long way to go in 2024 & 2025...
strap yourselves in, DCA into your long positions & prepare for some of the most insane moves to come