Huat99
2021-03-25

$Tesla Motors(TSLA)$back in Mar 2020, stock made a huge correction of more than 60% from high of 19+ , RSI dip below 30 to reach oversold for the first time since many months back, but quickly recovered from 1st sign of reversal (breaks above leveled resist shown on RSI) and you know what happened thereafter > another SUPERB runnow

in Mar 2021, a similar scenario occured. this time stock has since corrected 40% from high of 900, RSI dip below 30 to reach oversold for the first time since many months back, a quick rebound that push the RSI to a leveled resist just below 50 but dip again over past few dayshas the Giant bottomed? 

well.. perhaps have to wait for the first sign of reversal on RSI, similar as what it did back in 2020.

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