Submitted by Guysmarket t3_z848g6 in wallstreetbets
Comments
Guysmarket OP t1_iy9mxtt wrote
I explain my crayon drawings as best I can
VisualMod t1_iy9my34 wrote
I have analyzed the data you provided and I believe that TSLA stock is currently in a downward trend. The large sell orders from Elon Musk may be contributing to this trend, but it's difficult to determine without more information on his motivation for selling so many shares. However, given current conditions, I recommend caution when trading TSLA as there could still be further downside risk due to the strong bearish sentiment of recent price action.
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Significant-Stay-760 t1_iy9np7h wrote
If Tesla executes on it’s AGI over the long then it will be worth at least 10x what it is today
Its_me_mikey t1_iy9nym9 wrote
Can someone please explain to me how to read this graph…? Like you would a golden retriever
Kitten_Team_Six t1_iy9o7zj wrote
Advisor_Pretend t1_iy9ohr9 wrote
Red crayons bad green crayons taste better
stocker0504 t1_iy9oisv wrote
You are why people make fun of TA. But thats good. The less people know, the more money I make.
Thinkingandgrowing t1_iy9oj75 wrote
Stock go up bc people like Elon being invested. Elon sell stock to buy twitter. Elon stock go down so do price of Tesla stock.
EmbarrassedRabbit543 t1_iy9p6or wrote
KoGamer01 t1_iy9pp0m wrote
Keyword there is “if”
nailattack t1_iy9q6l0 wrote
Apparently TA is bullshit because it never works for them lol
Traditional_Good4693 t1_iy9qyr7 wrote
Going long on TSLA , thank you . Buying shares
CC7015 t1_iy9sicu wrote
TA is bullshit because the perspective is always skewed to the authors personal bias
CC7015 t1_iy9sm2n wrote
and it might have worked before the stock market was fast as balls
nailattack t1_iy9unrp wrote
Real TA traders have no bias, and will place a tight stop loss in case their thesis is wrong upon entry.
No-Tailor5120 t1_iy9wnaw wrote
whatever. i have tesla puts
holyimdepressedmaybe t1_iya0bbi wrote
The music has stopped
joelgreen25 t1_iya1a1v wrote
I didn’t hear no bell
moistmoistMOISTTT t1_iya4ie5 wrote
People are going long when the markets are primed for a major crash or recession soon?
Kengriffinspimp t1_iya4x93 wrote
First stop $69
AmphibianLoud6354 t1_iya57pe wrote
And if your not…..this is why people will not remember your name
eddie7000 t1_iya8f6y wrote
A monkey throwing darts at a stock list will make money with a trailing stop.
That single addition to a random stock-picking system is enough to give it an edge.
WarrenBudget t1_iyaa62c wrote
Jesus christ he even uses gridlines on the time axis. Mega Chad here
autistictheory t1_iyaaoiw wrote
this post validates my short position
PnachoB t1_iyagtgl wrote
Possible secular buying at the 69 level—— I can support that
james_burdiglio t1_iyalhsi wrote
"Careful going long"
Then you show a short-term chart
DerpySmirk t1_iyama97 wrote
Safe bet just buying and holding stocks like a boomer
MrULTRALONG t1_iyamgv5 wrote
Jim creampie says reverse?
Longjumping_Ad_5881 t1_iyanal5 wrote
So Cathie is buying. Got it.
Objective_Squash_567 t1_iyapm51 wrote
Omg this is wholesome y’all seen the movie
IrishNinja8082 t1_iyar1ev wrote
That means we’re right. I like this sub.
IrishNinja8082 t1_iyar688 wrote
So where can I see this monkey and his trades? I need some intellectual stock discussions
CraftsyDad t1_iyarn0j wrote
Do you want to know why I get paid the big dollars?
AnythingForTheW t1_iyarq89 wrote
Long doesnt mean long term
moderatevalue7 t1_iyasjj6 wrote
Exactly this. 2023 is going to be a shitshow
businessgigs t1_iyaswyu wrote
I'm waiting for TSLA to fall down more before I jump back in. Too much drama with Elon at the moment which is affecting the stock.
SP-Marshmallo t1_iyauija wrote
Green 🚀 Red 💩
Audio_Adam t1_iyavoim wrote
Explain to me how you are “carefully” going long on Tesla. How do you justify its multiple vs say STLA?
Audio_Adam t1_iyavvy5 wrote
Wait are all of your upper ranges marked by the sale of shares from Elon Musk, the CEO? How is this not the red flag?
Guysmarket OP t1_iyax1f7 wrote
chart themselves
Guysmarket OP t1_iyaxn41 wrote
we're below all his major sell zones
Infamous_Bus1578 t1_iyayd5k wrote
Astrology
[deleted] t1_iyazoxa wrote
[removed]
shadylex t1_iyazunw wrote
Exactly he dumped bags at the top a few times now
gastrocraft t1_iyb0jut wrote
Tesla is a bad long term investment? Ha! RemindMe! 5 years
[deleted] t1_iyb0mo1 wrote
[removed]
chev327fox t1_iyb1ymz wrote
Careful shorting. Now careful long. Anything else?
chev327fox t1_iyb25wi wrote
So one shit show that follows and already shitty shit show? It’s like shit shows within shit shows.
chev327fox t1_iyb28i9 wrote
So does it mean short term? That’s confusing af.
Electronic-Tonight16 t1_iyb28po wrote
So...inverse wsb right?
Whole sub saying TSLA is tanking
Bradleynailer t1_iyb2rpa wrote
Elon made multiple large sells at a price quote a bit above where the price is now. Currently, the stock is trading in a range below those large sells. Why would Elon sell a bunch of stock if he thought his stocks were cheap? There is also a gap well below the current price. That is where there is a gap in the stock price from one day to the next, usually from some important bit of news. More often than not, those gaps eventually get filled as the stock crosses over those missed prices. If that happens here, Tesla stock price would have to drop quite a bit.
MECO-420 t1_iyb37nq wrote
Don’t read the graph,do the exact opposite of what the title says. This is a casino.
ilovethetradio t1_iyb3d7i wrote
It could go up down or sideways! I am sticking to index funds for the time being
moderatevalue7 t1_iyb51rl wrote
Shitception
Budget-Push7084 t1_iyb5maw wrote
It wasn’t brains that got me here I can assure you of that.
AnythingForTheW t1_iyb5p3h wrote
It doesnt mean either. Learn how to use google
NoobNup t1_iyb6rb7 wrote
even the words in black? you just used the notes feature? Great trend lines and notes btw. I have levels and lines set, but the way you notated the lines was smart to give proper context with regards to what elon did. I learned something. Thanks
chev327fox t1_iybayw4 wrote
Google? What’s that?
Brawmethius t1_iybf72i wrote
"This Large candle is currently dictating our trading range"
IVE BEEN HAD! Before I ever buy or sell stock I always make sure it is within range of my trading candle. How ever did you figure that out?
Its_me_mikey t1_iybft4k wrote
This is the kind of answer I was looking for. Thanks king.
Its_me_mikey t1_iybfx33 wrote
Yup just watched that movie the other day.
Guysmarket OP t1_iybi2xf wrote
what he said
Ayoitsjoe t1_iybt56z wrote
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.
JoseArcadi0 t1_iybvjwt wrote
I was gonna post the same but my leg hurts
SubstantialAffect835 t1_iybvoc0 wrote
Good TA. Thanks.
Rise_Dull t1_iybvrba wrote
$Tesla has been over valued due to the popularity of Elon. It is the same thing with all of the Pyramids schemes . People feel that $Tesla offers an opportunity to “make” money . Now the BIG BOY keep cashing out their money. People started to panic and afraid to hold $Tesla for long. The Pyramids started to fall. Elon had set the new ceiling price when he cashed out his latest $4 billions at an avg of $180/share. With the current chip shortages, economy and china locked down situation, $Tesla Q4 is more likely to be missed. You should expected to see him cashed out more money before Q4 . When the faith has been replaced with people fear, there will be no surprise to see $Tesla return to its fair values. No new news about Tesla. Only selling hope and dream about 50% car price at 2025. That is also when Toyota and another big car companies also planned to launched more EV into the markets. That is also when the car makers will have EV batteries shortages problem . Tesla business will stay but the stock won’t be as much as today price.
PuzzledRoosterCock t1_iyci8al wrote
motley fools calling tsla a good buy all over twitter.
GreenMellowphant t1_iyd0x5e wrote
I’m as long as I can get and adding every week. This is why y’all missed out on Enphase. “It already went up, can’t go up anymore”. How about looking at the things that drive stock prices over time. It’s not a guessing game if you’re not playing short term BS.
JustAnotherPl3b t1_iyd2btr wrote
It’s fricking hilarious that people draw these lines on graphs and think there is any actual value
jstock2318 t1_iydesmo wrote
I’ve been long since $285 lol
sheilatucks t1_iydpem6 wrote
Cause you know someone most likely
CraftsyDad t1_iydqr7r wrote
I was quoting the movie (Margin Calls); I wish I got the big bucks but alas no
canadianzonkeydick t1_iye5fxr wrote
Here Mikey Mikey Mikey!! Come get your treat boy!! Who's a good Mikey boy? Who is? Yes you is!!
Its_me_mikey t1_iye880f wrote
Ooooh ok. Now I get it. Thank you
VisualMod t1_iy9mwy3 wrote
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