[TSLA] Electric Car FOMO Crown Jewel: Remember Cannabis in 2019?
Putting aside the fact that TSLA is more valuable of a company than any in cannabis, it seems investors are piling in in similar fashion to last year's cannabis run up.
If you're just buying and holding long, TSLA is certainly one of the best single stocks you can own and will repay you many times over but current price is ripe for a retrace.
RSI also in an interesting spot, just cracked over the 4M peak downtrend, is well over the 3Y peak downtrend and just touching the 1Y peak downtrend now with the 5M uptrend squeezing up
By mid next year we'll be at an RSI decision point where breaking under would probably bring on a downtrend but also where it could bounce to set new RSI highs.
If you're just buying and holding long, TSLA is certainly one of the best single stocks you can own and will repay you many times over but current price is ripe for a retrace.
RSI also in an interesting spot, just cracked over the 4M peak downtrend, is well over the 3Y peak downtrend and just touching the 1Y peak downtrend now with the 5M uptrend squeezing up
By mid next year we'll be at an RSI decision point where breaking under would probably bring on a downtrend but also where it could bounce to set new RSI highs.
Data analyst with a passion for best fit lines B)
