For the 10% upward momentum to happen, volume needs to stay elevated and macro sentiment must remain supportive. However RSI is already in overbought territory. For those new to investing, RSI stands for Relative Strength Index. RSI is one of the most widely used momentum indicators in technical analysis.
Tesla's RSI recently surged past 70, signaling ovetbought territory. That does not mean it will crash but it does suggest that the rally might pause or consolidate.
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- 1PCยท09-17TOPIt's still possible and very dependable on Thursday & Friday Price actions [Chuckle] Hold on to your Seat ๐ช๐. @JC888 @Barcode @Shyon @Shernice่ปๅฌฃ 2000 @DiAngel @Aqa1Report
- Valerie Archibaldยท09-17Itโs a good thing weโre invested here until robotaxi and Optimus are available to retail.LikeReport
- Merle Tedยท09-17like expected-$430 today.LikeReport
- JoannaDarwinยท09-17You raise valid points on RSI and volume, but remember, markets can be unpredictable.LikeReport
- zumaยท09-18thxLikeReport
- VivianChuaยท09-18Nice ๐๐๐LikeReport