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Tesla overbought RSI level.
Tesla has reached a new all time high of 744.49 as of today 1/4/2021. First trading day of the year showing great signs of strengths with a huge sell off in the market today, TSLA held strong. Although TSLA is known for it's huge volatile run off's I expect this trend to break near the 690 dollar mark with a 50 dollar move in the next few days. Why I'm thinking this is going to happen is because of the overbought signal on the RSI for the past week. As a swing trader in options, scalping in with puts for the next few weeks with a 100% ROI is the bet I'm placing moving throughout the next few weeks.
TSLA held strong. Although TSLA is known for it's huge volatile run off's I expect this trend to break near the 690 dollar mark with a 50 dollar move in the next few days. Why I'm thinking this is going to happen is because of the overbought signal on the RSI for the past week. As a swing trader in options, scalping in with puts for the next few weeks with a 100% ROI is the bet I'm placing moving throughout the next few weeks. 
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