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RE: TESLA (TSLA): Approaching Oversold State

in #money7 years ago

Be careful out there. It's certainly possible for TSLA to rally, but it is highly likely they go bankrupt within the next year. Their only chance is to fix the incredible manufacturing issue they have and even then they don't make any profit on any car they manufacture. They could also get a buyout from deep pockets who have what it takes to fix Tesla's issues. If they rally do to being oversold, you may have a short term opportunity, but a very short one. I would exit as they get close to an an RSI of 70, because the next drop could be the final drop.

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@morseke1, if you continue to support @haejin you will get shit on just like Kim Jong Un shitting on @haejin!

@haejin you make great toilet, just like your TA!