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Sam Quirke

EXPLAINED: Tesla stock eyes breakout with earnings on deck - The Real Truth

Tesla Inc. Mizuho MarketBeat
[content-module:CompanyOverview|NASDAQ:TSLA]

After plunging nearly 50% from its December all-time high, the stock has shown surprising resilience in recent weeks. The bears have now failed twice to push it below $220, and that inability to break new lows is starting to look like the foundation of a technical double bottom.

The rally is still early, but it’s gaining traction. The stock’s relative strength index (RSI) is climbing steadily out of oversold territory, and with earnings set for next week, anticipation is building for a possible upside surprise.

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