Hardest RSI hit in its history on the weekly even more than 2008, and internet bubble. Monthly it would be best at a 37 RSI level for a strong buy.
Price was far more battered on those RSI levels in the past. RSI will hit oversold before the price gets battered more. Support levels given.
Good buy at these level historically with the support trend lines however, any bounce I would be concerned about a forming head and shoulders pattern on the right shoulder up to $54.61 which can be possible with the overall bearish market sentiment. Good buy between 50.50 & 51.50 for at least a bounce.
Tesla has a strong support level at $389 and might reach that if on the Daily RSI it can reach its historical oversold RSI levels. I am not confident that retracement to the 4 hour RSI oversold levels will hold. Last 4 hour RSI bounce was huge.
DAL has only hit 30 RSI 4x in its history. We are at 2011 levels in the RSI on the monthly. Good buy at these RSI levels but unsure about Price support.
Weekly RSI oversold like 2008 level, Monthly RSI is not quite equal to 2009 levels. Support levels shown. Which support level is most likely to be the one?
