Submitted by Guysmarket t3_z848g6 in wallstreetbets
Ayoitsjoe t1_iybt56z wrote
Reply to comment by Its_me_mikey in Careful Going Long on Tesla by Guysmarket
So $184 (the top of the red box) is the resistance line. If you see, each day the market is closing in a downtrend, below the resistance line. This means the stock is likely to continue trading sideways, and steadily lower in price. At least that’s what it looks like. I literally know nothing about charts.
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