TSLA has never since its IPO broken a prior pivot low on the monthly chart. It just did. Chart is broken technically, stops are being triggered today. There are two situations when a stock is "oversold", one when it is about to bounce, and the other when it is breaking down. When a stock is breaking down, it will be "oversold" all the way down. So be careful.
Indeed. Question is will this ER erase the no-news drop of the last week, or somehow confirm implied negative movement. I have trouble believing we are lower than this after next week's call if we are even remotely close to consensus numbers. A beat of any kind with sentiment this depressed could mean a 20% overnight gain.
I mean, what if they came within striking distance of cashflow positive with the massive Q4 sales push? I was gaming whether it was possible last night, and it's not out of the question. But I'm not even sure we need that to see 220+ again.