TSLA - Time to buy the dip?
Today the TSLA opened at 662.13. Through the day it traded as high as 708.99 and as low as 619.00
Bollinger Bands
Looking at the Bollinger Bands for TSLA, you can see that TSLA is trading in the lower, which is considered to be a bearish sign. Kind of dangling at the lower lip
Stochastic
This indicator is showing red line is over the blue, showing a bearish trend. However, you can see that it is also indicating an oversold condition.
MACD
Looking the MACD indicator below, you can see that the red is over the blue. This is can is indicative of an overall bearish towards TSLA by the market, and there may be some time before buyers come rushing in, but who knows. We know that stockholders are about as fanatical about this stock as the car owners are about Musk.
I am on the sidelines for now, but we all know how fast this one changes direction and moves. Could miss out on a good thing if you wait too long.
Bollinger Bands
Looking at the Bollinger Bands for TSLA, you can see that TSLA is trading in the lower, which is considered to be a bearish sign. Kind of dangling at the lower lip
Stochastic
This indicator is showing red line is over the blue, showing a bearish trend. However, you can see that it is also indicating an oversold condition.
MACD
Looking the MACD indicator below, you can see that the red is over the blue. This is can is indicative of an overall bearish towards TSLA by the market, and there may be some time before buyers come rushing in, but who knows. We know that stockholders are about as fanatical about this stock as the car owners are about Musk.
I am on the sidelines for now, but we all know how fast this one changes direction and moves. Could miss out on a good thing if you wait too long.
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