Wow, I thought splitting the stock would make it less volatile....
Wasn´t that the role of the index inclusion ?
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Wow, I thought splitting the stock would make it less volatile....
I'm no expert, but I think fibonacci levels are generally calculated from the start of an uptrend to the high (rather than just a ratio of the high price).
For instance, if you take the $274 bottom of 8/11/20 and then the ~$500 high of 8/31/20, then the fibonacci 78.6 retracement level was ~$322. With regard to projection of the next fibonacci resistance, it would be the 61.8 at $462. I'm following this method:
@Curt Renz ...care to share where i can purchase that book? I am curious to read your analysis.I realize that some other technicians calculate by the method you suggest. Over more than forty years of study, I've found that my method works best in regard to major price movements. It's what I presented in my technical analysis book published by McGraw-Hill. The method you describe is in my opinion an over-simplification of the original concept. I have found that for minor price movements, your method works somewhat well, particularly if based on the logarithms of the prices, rather than the actual prices. In the current case the time was short, but the movement was large. Hence I felt my method was appropriate. As it's turning out, so far both methods appear to be prescient in the current case.
Peter Rawlinson saying TSLA has the world's leading EV in tech:
https://twitter.com/i/status/1303722869575151616
He did....however...at least he understands Elon and $TSLA knows what it takes to be successful and are lights years ahead in EV tech. Lucid is targeting the high end buyers...makes no sense to derail Elon when all it could do is bring on hurt to Lucid.Way to go Peter taking the high road. Didn't Elon recently say something like Rawlinson left Tesla hanging at a critical moment?
Way to go Peter taking the high road. Didn't Elon recently say something like Rawlinson left Tesla hanging at a critical moment?
I just had a 30 minute chat with a very nice chap from Financial Times, with regards to the recent $TSLA story, S&P, and all that, plus my history of the stock, why I unvested, how I know more than Wall Street analysts, etc.
Was a real pleasure being able to enthusiastically ramble for 30 minutes to someone that had asked, as opposed to random people I meet in the e streets, etc.
why I unvested
I read the FT and would love to read the article when it's published, if you could kindly post the link once it's up.I just had a 30 minute chat with a very nice chap from Financial Times, with regards to the recent $TSLA story, S&P, and all that, plus my history of the stock, why I unvested, how I know more than Wall Street analysts, etc.
Was a real pleasure being able to enthusiastically ramble for 30 minutes to someone that had asked, as opposed to random people I meet in the e streets, etc.
Way to go Peter taking the high road. Didn't Elon recently say something like Rawlinson left Tesla hanging at a critical moment?
I almost look forward to paying more for all the bells and whistles on my next model X considering how good TSLA's been to me. Won't hold back maximizing my solar roof once they become available in my area for the same reason. I really hope my Cybertruck will have V2G. when it's ready.
I just had a 30 minute chat with a very nice chap from Financial Times, with regards to the recent $TSLA story, S&P, and all that, plus my history of the stock, why I unvested, how I know more than Wall Street analysts, etc.
Was a real pleasure being able to enthusiastically ramble for 30 minutes to someone that had asked, as opposed to random people I meet in the e streets, etc.
Peter Rawlinson saying TSLA has the world's leading EV in tech:
https://twitter.com/i/status/1303722869575151616