inclementimmigrantTesla Stock Price Reaches 'Death Cross' Status
AnonomousWolfI checked and TSLA is still up from where it was 6 and 12 Months ago, how is it in a death cross?
Unfortunately the stock seems fine to my.
Yup. It’s back to roughly October levels, like the rest of the S&P 500.
it’s just a moving average cross. 50 day MA moves below 200 MA, that’s it. Can be a bearish sign but I’ve seen it bounce in this moment a bunch of times.
But technical analsyis is just drawing imaginary lines on a chart, they know nothing how stupid Trump and Musk are so it might very well be bearish. At least I hope so. I want to see him get margin called at 114$ or so they say.
Technical analysis is where gambler’s fallacy meets self-fulfilling prophecy. Though other forces are also in play.