Buy Tesla On Oversold Conditions (Technical Analysis)

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Justin Sullivan

Tesla, Inc. (NASDAQ:TSLA) is currently the 14th largest component of the S&P 500 (SPY) with a market capitalization exceeding $350 billion. From its all-time high of $414.50, the stock has crashed over 70%. Although the stock appears likely to decline

TSLA weekly chart (StockCharts.com, December 27, 2022)

TSLA vs VT weekly chart 5 years (StockCharts.com, December 27, 2022)

TSLA daily chart 5 years (StockCharts.com, December 27, 2022)

TSLA Point and Figure Chart, 4pct x 3 (StockCharts.com, December 27, 2022)