34 days ago • Posted by Paul de La Baume
#Tesla reaches oversold levels #stocks #trading #investing #elonmusk #nasdaq $TSLA $QQQ
Looking at Tesla stock from a technical perspective, the stock is the most oversold it has ever been. It increases Tesla stock's chances to see a rebound in the short term. In terms of fundamentals, the stock could continue to see pressure so long as there are increasing signs of a global recession and 10-year Treasury yields continue to hover around 3.8% or higher.