$Tesla (TSLA.US)$ many guys here link Elon selling to direct...
$Tesla (TSLA.US)$ many guys here link Elon selling to direct result of share price falling. You are not wrong as him selling 3% of the total volume will cause a fall in price.. But you are not entirely right as well because 3% of the volume will not cause a 5% drop in share price..
Elon selling 900k shares when daily volume is around 26mil shows that It is also smart money selling. 5% fall of tesla current market cap is 46bil. You think 900k shares is worth 46bil?
Elon selling 900k shares when daily volume is around 26mil shows that It is also smart money selling. 5% fall of tesla current market cap is 46bil. You think 900k shares is worth 46bil?
Until you accept that smart money is selling now, you will forever be stucked in that zone where you think retailer is controlling the price. And recent dips should be bought because Elon is selling 900k shares everyday and it will go back up once he is done.
It will rebound not when Elon stops selling, but when smart money has finished selling and is beginning to accumulate shares again to prepare for next new rally. So follow the smart money movement.
Enter at the right entry point and learn when to exit. Watch my video if you wanna know where those entry points and resistance points are at.
I did mention tesla broke critical support of 978. And will likely come down to close gap at 908. Some may think I'm spreading FUD. Or you can see it as I'm letting you know where to place a better entry point. It's up to your own perspective whether I'm helping or harming you.
As always, trade safe & invest wise!
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THEWIZARD : EM sells 3%.
The brokers handing his sales sells 30%?
The brokers family and friends and friends of friends sells another 30%?
LOL.
Investing 101 OP THEWIZARD : Yes the truth is big players selling that cause this huge drop from 1240 to 950. Not Elon alone. But alot of retailers think its cause he sell..
THEWIZARD Investing 101 OP : Wall Street insiders working together in tandem and cohort.
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Traps laid. Preys snagged.
Investing 101 OP THEWIZARD : It is looking like a textbook distribution.
THEWIZARD Investing 101 OP : Bingo!![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")