RE:LEV entering oversold territory?Oversold? This dog has been oversold practically since the day it was listed. And its been consistantly sliding since July of last year, which is long before the markets began sliding in this correction. I feel sorry for those who bought in on the IPO expecting grandious returns in a highly over valued EV sector. Remember this - at the turn of the 20th century there were aproxiametly 100 companies making automobiles and many of those made EV's now there are 2.
So be prepared, in my educated opinion this dog is far from being oversold, its gonna a lot more oversold in the future. I think the only play you have on this dog is being short, buying Puts on the NYSE probably ain't a bad idea either.