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Friday, May 24, 2024

Tesla Is Oversold And Is Likely In A Bottoming Process. Here’s How To Trade It Now.

TSLAInc (TSLA) had a strong bull market rally from a low of $152.37 set on April 27, 2023 to its 52-week high of $299.29 set on July 19, 2023. This was a gain of 96%. Then the bear market begin. The recent low of $160.51 is a bear market decline of 46%. Tesla has an elevated p/e ratio at 40.56% and …

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