In the case of Tradr 2X Short TSLA Daily, the RSI reading has hit 29.4 — by comparison, the RSI reading for the S&P 500 is currently 84.9. A bullish investor could look at TSLQ's 29.4 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Looking at a chart of one year performance (below), TSLQ's low point in its 52 week range is $14.775 per share, with $75.6324 as the 52 week high point — that compares with a last trade of $16.15. Tradr 2X Short TSLA Daily shares are currently trading down about 5.2% on the day.
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