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Rexon Capital commented on a stock · Mar 5, 2024 23:06

Broken through the mid point bollinger band

$Tesla (TSLA.US)$Yesterday was a very bad but nonsenical day, we dropped due to biased news reporting. Technicals brought us to the lower half ot bollinger band. I believe the people who sold yesterday will come to realise soon enough it was the wrong choice.
1. We should see a bounce off the lower bollinger band.
2. RSI trended downwards to ~30.
3. MACD still in upward trend.
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