Technicals indicate a rising channel on Tesla. A break od small resistance here (green zone) is a sell signal.
From the fundamental perspective we have the number of virus cases in USA now over a 100,000. Despite the economic stimulus Congress agreed on,m the fact remains that conditions in USA are worsening. This could signal a bad week for USA and another sell wave in stocks.
Target the low of the channel at $360.
Good Luck and Stay Healthy!
From the fundamental perspective we have the number of virus cases in USA now over a 100,000. Despite the economic stimulus Congress agreed on,m the fact remains that conditions in USA are worsening. This could signal a bad week for USA and another sell wave in stocks.
Target the low of the channel at $360.
Good Luck and Stay Healthy!
Note
CORONAVIRUS UPDATE: CHINESE SCIENTISTS HAVE DEVELOPED A NEW WEAPON TO COMBAT THE VIRUS. THEY SAY THEY HAVE FOUND A NANOMATERIAL THAT CAN ABSORB AND DEACTIVATE THE VIRUS WITH 96.5-99.9% EFFICIENCYWe shall see if this gets confirmed next week
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.