Anything new mentioned in this article?
Death crosses are bullshit chartist woo.
the dreaded “death cross,” a historical indicator of a likely downturn for the company
[…] occurs when a company’s 50-day moving average crosses and drops below the 200-day average.
Fuck Tesla and all that, but holy shit is that standard ever a depressing indicator of to just how reliant late stage capitalism is on endless growth that a tiny dip after half a year of stagnation is a reliable indicator of a company’s imminent failure.
you can either have a system with loans and endless growth or a system where actual ownership is required and stagnation is allowed.
Here’s how it looks all time
I 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.
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 about 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.
