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    The Ultimate Contrarian Stock? - 3/18

    Ian Cooper
    Tuesday, March 18, 20253 min read
    The Ultimate Contrarian Stock? - 3/18

    Company:

    Tesla (SYM: TSLA) could see substantial near-term upside – despite any politics.

    For one, the stock is technically oversold and rebounding from October support. Two, it’s incredibly over-extended on RSI, MACD, Williams’ %R, Money Flow and Full Stochastics. The last time these technical indicators were this oversold, TSLA ran from about $150 to $488.54.

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    America’s Uranium Crisis Could Create a Massive Opportunity
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    That’s why “Despite recent volatility in Tesla shares and concerns over CEO Elon Musk’s distractions, analysts at Wedbush believe the company is on the cusp of significant technological advancements.”

    In addition, Cathie Wood still has a $2,600 price target on Tesla, noting, “It’s winner take most,” Wood said of Tesla’s position in the autonomous vehicle race during Bloomberg’s Odd Lots podcast, as quoted by Benzinga.com. “And we do believe that Tesla will be and is in the pole position here in the United States.”

    With plenty of bulls starting to pile back into Tesla, weakness is becoming an opportunity.

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    Written by Ian Cooper

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