Submitted by Big_dadd_BD t3_z83rws in wallstreetbets
John_Bot t1_iyah7r1 wrote
"Strength when rest of market is weak"
You ... realize TSLA is down 55% this year?
Big_dadd_BD OP t1_iyahn5j wrote
Yes John bot i do realize that. If you actively trade markets you realize some days stocks aren’t moving with the rest of the market. Commonly that means something is up. Tsla first major drop came after it held the 300 range for a week or two as spy saw major decreases. Monday stocks were down largely as Tsla was pumping to 186. So Tsla was out of line with the markets SHORT term.
John_Bot t1_iyakidu wrote
Netflix up 60% in the last 6 months lol
Sometimes things get oversold then bought back
XD
Big_dadd_BD OP t1_iyakrl4 wrote
That’s a way different situation John bot and not that day to day price action I’m talking about. It’s ok you don’t get what I’m talking about we will see if the play works or not.
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