JPMorgains

Having fun with charts

BATS:GASS   STEALTHGAS INC
119 24 0
Time to fill up the tanks! ;)
loool omg, I think i'll close the position market I buy put 170
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JPMorgains thamer84
Everyone has an opinion and I am no different but that doesn't mean it's right. This could be it for TSLA, it could tank and everyone short will rejoice. But every single other time it seemed like a good idea to short it was a bad idea as the stock sprang back to new highs shortly after. I am not saying a lot of people haven't made tons of money shorting the down days because clearly they have and continue to do so. But it the grand scheme the trend is clearly up and shorting is counter trend and very difficult for anyone less than an expert in my opinion. Again not saying anyone can't do it and be successful its just my opinion that it is harder to do. Also with TSLA they have earnings coming up in a couple weeks and again I would not trade it through earnings because I literally have no idea what will happen. Look at how many people thought NFLX was done and may have shorted through earnings. If it stays on course from after hours its going to open at 400 nearly 60 points from where it opened yesterday. I never want to be short a stock that can move like that to the upside.
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JPMorgains thamer84
Chart does look weaker than it has before and below 169.60 it could go lower that's for sure...still though not for me. Good luck.

snapshot
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I wouldn't touch Tesla. I prefer small to mid caps and I have no clue where that monster is going. Its a battleground I don't want to get slaughtered on. All I will say is I would not be short. Elon Musk has a good history of killing them haha.
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thank you, got it, can you later on just mention to me something about tsla tomorrow, what do you think of it?

I can see that the stock is going down to 166
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Haha you don't my friend. All you can do is use the tools we have. And when a stock is breaking out as specially with no overhead resistance I think watching the level 2 is a good place to get an idea of where the "wall of sellers" has set up shop and sell at or safely before that level. If it breaks through again you can always buy back in but its always better to lock in gains in my opinion. Also stocks breaking out to new all time highs tend to go more higher than most people think but again you can't let that cause you to ignore a big amount of sellers coming in. Gotta go but best of luck.
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Actually I do understand you but I was saying when a company announce a news and they breakout to the upside for the first time to a new high, how can you know like it gets weaken there or there is still some to the upside
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Also you want to watch level 2 and there should be buyers showing up at those levels or its a bad sign. Also watch for sellers stacking up above the price on the ask at likely resistance levels, also not a good sign it will go higher. You want to see big green buyers showing up at the bid and eating away at the ask price and causing the price to keep rising. More buyers than sellers in others words. You can search for Technical analysis/chart patters and also level 2 videos on youtube etc to understand better what I am talking about.
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Aha, cool, but usually when a stock open higher because of news, so it goes up, how can i know if at that point starts to weaken or i just sell it until it confirms the support level.
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You watch to see if starts to take out the recent lows...with a glance at the 30 minute I see 3.37 3.31 3.26 etc. below...it needs to hold the first or it will likely go to the second and if that fails the next and so on...
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