TSLA Crashes to $5 per Share

[maxinger]

I'd say more likely ..... a much lower band. Notice what happened last 3 support turned to resistance levels - resumption and acceleration of trend down. The trend is the trend. So IMO $30 looower, at least, if today's low doesn't hold:-

View attachment 312481

Personally, I never like to draw lines.
Because it never works.
In fact, I rarely draw horizontal lines for the past 2 to 3 decades
(oops!!! I am getting old!!!!).

If I were to draw, I'd prefer to draw bands.

I'd still say for the next few days/weeks ... TSLA will move around 170 to 210, + and - a few tens

Anyway, after many decades, you will get to know
there are many professional writers and talkers who earn money from writing and talking.

You are right. The TSLA trend is down.

 

[SunTrader]

Personally, I never like to draw lines.
Because it never works.
In fact, I rarely draw horizontal lines for the past 2 to 3 decades
(oops!!! I am getting old!!!!).

If I were to draw, I'd prefer to draw bands.

I'd still say for the next few days/weeks ... TSLA will move around 170 to 210, + and - a few tens

Anyway, after many decades, you will get to know
there are many professional writers and talkers who earn money from writing and talking.

You are right. The TSLA trend is down.

To each their own. Lines are precise, bands wiggle.

Not sure where you are going with professional writers comment though?

 

[maxinger]

To each their own. Lines are precise, bands wiggle.

Not sure where you are going with professional writers comment though?

Professional writers and talkers are very very lazy and hopeless traders!!!
They don't spend thousands and thousands of hours analyzing charts.

When I was a young boy, I had to use graph paper and a calculator (see the images)
to trade.
During those days, there were no computers!!!!
The most I could do was to calculate the moving average MA5!!!!!!
Obviously in those days, there were no such things as
MACD, ADX, RSI, fibo nonsense ....


The typewriter? That was the most expensive I bought when I was a small kid!!


So if you wanted to enter an order, you had to call the broker.

OK. now you know how old I am.

I still trade because it is my passion.

So if you want to be a successful trader, work very very hard.
Don't listen to the professional writers and talkers

Because the professional writers and talkers are also trying to survive!!

Bottom line:
Professional traders / talkers / writers will think of all sorts of ways
to survive.
Ultimately ALL will die!

 

[SunTrader]

Pointless. Platitudes, schamitudes. Long with little if any usable content.

 

[RedDuke]

Tesla is still very overpriced. It is 167x15 before the splits, so is still around $2,500. Fair market price is in $300-400 range before the splits so around $25-30 per share currently.

agree trend is down.

 

[Covertibility]

https://twitter.com/x/status/1649047752037511169

For some reason, if Tesla were ever to air commercials on tv, I think George Santos should be the salesman doing the pitch.

 

[SunTrader]

...

I'd still say for the next few days/weeks ... TSLA will move around 170 to 210, + and - a few tens
..

... + or - a few ten percents you meant.

$160 right around the corner.

 

[vincentnyc]

tsla is a cult stonk...becareful if u shorting it...but yes it is also trending down. so it is safe to keep shorting until the trend reverse. when will it reverse you may ask? draw some lines on the chart and come to your own conclusion.

 

[CET]

Cathie Wood just gave her TSLA price target in 2027 of $2,000. She believes all those cars being produced can be used in their taxi fleet. I'm sure all longs must feel better now.

 

[RedDuke]

Cathie Wood just gave her TSLA price target in 2027 of $2,000. She believes all those cars being produced can be used in their taxi fleet. I'm sure all longs must feel better now.

All their batteries will be dead by then