Just how far it will go is a concern...𖠚ᐝ
Based on past data, when Tesla shows such a rally, it seems common for the daily RSI to exceed 90, currently around RSI 85...
I have confirmed past RSI reaching 98, and this market seems to carry expectations to an extent not seen before, which makes it exciting to see what will happen. Many may engage in short-term trading with Tesla. I personally adhere to a buy-and-hold strategy as a base, but may take about 10% profit in scenarios of rapid surges (especially if opportunities to buy other stocks arise or to re-enter during Tesla's retracement). However, I aim to avoid developing a habit of profit-taking in promising long-term assets, hence the basic strategy is to hold.![]()
What I want to observe in this trend is the movement after the daily RSI rises above 90. I believe rapid drops below RSI 70 after surpassing 90 should be approached with caution, and I intend to maintain a bullish stance as long as the RSI fluctuates gradually around 90 or 80.![]()
Even when looking at macro and micro factors, it is not a bearish situation, so I thought about the potential for short-term stock price decline based on the movements indicated by the daily RSI. Investment styles vary among individuals, and I believe there are also many short-term traders, so I hope this can serve as a reference.![]()
(While not advocating for short-term trading, in order to hold for the long term, it is necessary to deeply understand Tesla. Without this, long-term holding is difficult. For those who want to hold for the long term!️, I recommend thoroughly researching Tesla.![]()
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I hope that more investors who can hold long-term investments together will increase.![]()
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J_M_RIN OP : It is not a problem if the daily RSI drops below 70 quickly and then rises again immediately, but we should be cautious if it does not recover immediately after dropping.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
The volume is still good, so we hope for better results in the first half~![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
投資家T : Thank you for the insightful post.
As a TSLL holder, it broadens my perspective.