You are viewing a single comment's thread from:
RE: Tesla (TSLA): Deeply Oversold
Only a complete fool would be buying TSLA! It is hemorrhaging money and news today is that their scrap rates are costing them millions and they have cancelled up to 1/3 of their pre-orders... If there is any uptick, may someone else cause it. The only way I invest in TSLA is to short it at the next high point when RSI is over 70.
I think Haejin would say that price is quantum in nature to the effect that the fundamentals will come along to explain price. And remember TA is only good for suggesting what is more probable and is not a guarantee of future price action.