Some observations on Tesla $TSLA 1) In the last 3 years, there've been ~10 times where RSI on the Daily broke below 29 (currently at 28). A RSI below 30 typically indicates a security is oversold, however it's just 1 indicator. 2) 3 of those 10 times occurred when the price of the stock was above its 200MA (red line). Recall Tesla has been in a downtrend since 2021 3) On the weekly, Tesla broke above its 20MA (yellow line), back-tested, but broke right through it and couldn't find support, and now broken below the 200MA. Not a good sign. 4) The stock has sat below the weekly 200MA only 4 times in the last 4 years. There might be some short-term pain before it finds a bottom. 5) To limit any further downside it'd be nice to see $TSLA close the week above $219. RSI on the weekly currently at 41.8 (not too oversold just yet). 6) Personally, think we'll probably revisit low $200s soon. $200 is MAJOR psychological support where I expect a bounce. Can definitely add here for long-term positions. 7) I do like that on the weekly, all the short-term moving averages still remain above their longer-term (aka 20 > 50 > 200). This obviously can change. 8) Macro: Market is realizing that rate cuts may not occur as soon as anticipated, which has a big impact on the auto sector where rates remain elevated. This will affect Tesla's margins maybe for another 1Q (again, short-term pain but we know Tesla is more than just a car company - check the S-curve adoption photo) 9) Institutional ownership of Tesla is LOW (sub 60%) compared to the other MEGA caps $MSFT $AAPL $GOOGL $AMZN $META $NVDA. Tesla might be the 10) While other companies are more focused on experimental AI, Tesla already has REAL WORLD AI applications, with FSD (its self-driving technology), AI in its manufacturing facilities, energy storage, etc. It's growth levers (e.g., data from its fleet + network effects) are SO underappreciated by the market. There will come a time where this dissonance is eliminated. Stay the course and like my friend @investanswers says, "Be in disruption, be where the puck is going" 11) Please do NOT short Tesla unless you like losing money :) Pls like/share if this was helpful TA is mine. Helpful Tesla analysts: @Micro2Macr0 @MortensenBach @davelee @StockMKTNewz @SawyerMerritt @ICannot_Enough