abhayadityajain

RSI above 72, Momentum being Lost - Short Tesla for Short Term

MIL:TSLA   TESLA
Short Tesla for the next two days because RSI is over 70, and following trend patterns, we see Tesla about to hit upper price band. If Tesla hits the upper price band short immediately and it RSI goes above 75, short.
Oct 16
Comment: Short Tesla Now. RSI well above needed limits, it has to settle down again. After having a look at the RSI trend history, Tesla is a definite short for 2-3 days, barring unexpected news.
Tesla just went above the Upper Bollinger Band!
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