Tesla’s stock price has been developing within a descending channel over the last five months and during the previous period it challenged the return line once again. Also, the stock recorded a fresh 28-month low of 197.88. Looking at the short-term momentum indicators, they paint a cautiously positive picture. The RSI seems headed for a test of its 30 zone as it is turning higher, while the stochastic oscillator posted a bullish cross within the %K and %D lines in the oversold zone, suggesting [..]
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