dc_h
Active Member
TSLA traded between ~180 to ~280 for a long time. Once it breaks out of the all time high, it should have a powerful rally, add $100 (280-180) and hit $380. This is very basic in technical analysis. At the time the CNBC guy (Gordon?) talked about it several times, many traders predicted it too. I still remember a guy asked me why the magical number 380, but really nothing magical about it.
Once you learn about technical analysis, you will see many members are much more experienced than myusername. Take Curt Renz for example, check his posts, he rarely post something wrong.
If someone wants to trade based on charts and technical indicators, each trade should have at least 70% weighted winning chance. If a trader can only get to 60% correct, the wrong trades will cancel the winning trades and it's not worth the effort. myusername is like wrong 80% of the time, no matter it's about technical or fundamental. He might get better over time. For now I keep him on my ignore list.
He picked the bottom and rode it up. Speigal picked the bottom ironically and rode it to the top. No one on CNBC called buy at $180.TSLA traded between ~180 to ~280 for a long time. Once it breaks out of the all time high, it should have a powerful rally, add $100 (280-180) and hit $380. This is very basic in technical analysis. At the time the CNBC guy (Gordon?) talked about it several times, many traders predicted it too. I still remember a guy asked me why the magical number 380, but really nothing magical about it.
Once you learn about technical analysis, you will see many members are much more experienced than myusername. Take Curt Renz for example, check his posts, he rarely post something wrong.
If someone wants to trade based on charts and technical indicators, each trade should have at least 70% weighted winning chance. If a trader can only get to 60% correct, the wrong trades will cancel the winning trades and it's not worth the effort. myusername is like wrong 80% of the time, no matter it's about technical or fundamental. He might get better over time. For now I keep him on my ignore list.
His rants are also much funnier than Speigal which deserves some credit as well.