RSI above 72, Momentum being Lost - Short Tesla for Short Term for MIL:TSLA by abhayadityajain

Technical Indicators Relative Strength Index (RSI)

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.

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.

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