Comment on Tesla Stock Price Reaches 'Death Cross' Status
SnotFlickerman@lemmy.blahaj.zone 3 days ago
Still $100 above what it was a year ago, this is more bullshit wishcasting.
I’ve always suspected these are attempts at stock manipulation. Release scary news, make the stock go down, buy, stock rebounds quickly as the scaremongering dissipates, sell.
The most mentally-challenged businessmen love pump and dump (and the reverse on this case) because it doesn’t require any talent whatsoever, just insider trading.
It is a fact that there is a pattern termed a “death cross”, and it is a fact that Tesla exhibits it.
It is also stated clearly in the article that, in the opinion of the author,
the chart pattern reading kinda strikes me as astrology for guys in suits.
And according to Reuters,
about half the time that a death cross appears, it marks the worst point for the index rather than a harbinger of a steeper decline.
Imagine reading an article before making inflammatory statements about it in 2025.
jarfil@beehaw.org 3 days ago
Tesla is going to fall hard for a very simple combination of reason:
Considering the Elon an oppressor or not, has nothing to do with it. Personally, I’m saddened by the fate of SpaceX engineers once the Elon loses the virtual backing that those fantasy TSLA shares are giving him.
SnotFlickerman@lemmy.blahaj.zone 3 days ago
Okay, sure, that’s all valid, but that means nothing when it comes to endless articles wishcasting about the current price. I’ve seen these articles for almost two months now, when Tesla hit its lowest point in 2025 on March 10th. Sure, this could be a dead cat bounce, but until it actually starts crashing, it isn’t anything other than wishcasting.
I’ll give a damn when it drops lower than its lowest point in 2023 at $113.