Weekly chart - Will price drop with broad selling?

Below are the factors I am considering on a long put trade this week:
* RSI is at 94 on weekly, this is rare and it will come back down
* Yellow circles show higher closing price while stochastic %K dropped (green line)
* Stochastic %D has been in decline (red arrow)
* Price is way over 10sma around 600, and 20sma is even lower

If this week sees fear-based selling, TSLA will drop. Have to see how expensive put options are (how high IV goes). Will be looking at Monday's open and 30min chart. If I do open a long put trade, I will buy 1-3 contracts and plan to hold at least one overnight.