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Its_me_mikey t1_iy9nym9 wrote

Can someone please explain to me how to read this graph…? Like you would a golden retriever

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holyimdepressedmaybe t1_iya0bbi wrote

The music has stopped

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joelgreen25 t1_iya1a1v wrote

I didn’t hear no bell

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Objective_Squash_567 t1_iyapm51 wrote

Omg this is wholesome y’all seen the movie

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CraftsyDad t1_iyarn0j wrote

Do you want to know why I get paid the big dollars?

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sheilatucks t1_iydpem6 wrote

Cause you know someone most likely

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CraftsyDad t1_iydqr7r wrote

I was quoting the movie (Margin Calls); I wish I got the big bucks but alas no

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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.

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Its_me_mikey t1_iybft4k wrote

This is the kind of answer I was looking for. Thanks king.

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ilovethetradio t1_iyb3d7i wrote

It could go up down or sideways! I am sticking to index funds for the time being

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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.

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MECO-420 t1_iyb37nq wrote

Don’t read the graph,do the exact opposite of what the title says. This is a casino.

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