Tesla will join the SP500 S&P Global announced that Tesla will join the SP500 on Monday December 21st.
Tesla will become the largest company in history when included in the SP500 index. Its quotes soared 14% on news of inclusion in the index. The share of Tesla with a market capitalization of $ 385 billion in the total capitalization of the entire index (about $ 28 trillion) will exceed 1.3%. This event will entail an automatic inflow of investor funds in the amount of about $ 51 billion.
Inclusion in the S&P 500 is in line with Wall Street's expectations for Tesla's first full calendar year of profits in 2020. The company posted profits in the first three quarters of the year, despite a pandemic in which local authorities in California ordered the temporary closure of Tesla's only US car factory. The company posted a record $ 331 million in third-quarter profit driven by production at its Shanghai plant, where Tesla benefits from cheaper labor and strong demand for its more affordable Model 3.
In the third quarter, Tesla was backed by $ 397 million in loans, helping it reach profitability. The company aims to ultimately produce 20 million electric vehicles a year and become the world's largest automaker. Tesla delivered a record nearly 140,000 vehicles in the third quarter and is on track to meet its goal of 500,000 vehicle shipments per year.
TSLA moves in an uptrend channel . Today it has broken the resistance line of symmetrical triangle. Price encountered the resistance level of $460. The next markable target for bulls will be near $600.
Best regards EXCAVO
Excavo
BTCUSD made a strong break below channel, sell setup with 14K tpPlease Support this Idea with LIKE if it is Useful....
BTCUSD
The price made a strong break below Upward trending channel, after a pullback to the support turn resistance If price shows rejection from the from the structure I expect the price to continue lower...
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GBPUSD is setting up for a Big Fall, sell the breakout for 370 pPlease Support this Idea with LIKE if it is Useful....
GBPUSD
The price is moving in a rising wedge shaped structure, If price manages to break below the wedge structure, I expect the price to move lower for 210 pips.
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EURUSD bounced after retest of broken structure, more growth Please Support this Idea with LIKE if it is Useful....
EURUSD
The price made a bullish breakout of the resistance structure , after the retest of the structure price started growing, I expect the price to grow towards next resistance structure.
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AUDUSD, Sell if price rejects from resistance structure..Please Support this Idea with LIKE if it is Useful....
AUDUSD
The price is approaching resistance structure ,If price shows rejection from the resistance I expect the price to move lower for 170 pips.
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EURAUD_Buy the trendline breakout for 150 pipsPlease Support this Idea with LIKE if it is Useful....
EURAUD
The price is attempting to break above trendline, If price manages to break above trendline after a retest if price holds the support, I expect the price to move higher for 150 pips.
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25.11.2020 - Litecoin (LTC / USD)Hi Traders!
Are altcoins in the bull market? Is Litecoin in the bull market? You have probably noticed a significant rise in the prices of cryptocurrencies in recent days. It's not just about Bitcoin anymore, but Litecoin, Ethereum, Dash, and others have gradually started to grow. Is this the right time to buy, or are we waiting for a decline?
Let's have a look at it step by step. In our opinion, we are already in the bull market. Of course, each cryptocurrency is a little different, but in terms of structure, Litecoin is already in the bull run. In 2018, we witnessed extreme growth, followed by a strong decline, and we have been consolidating to this day.
By crossing the trendline, LTC also started its bull run. However, this does not mean that it will only grow. Even in the bull run, it is quite common for the market to undergo a correction (even 30 - 40 %). The nearest strong resistance is at the level of USD 145. As we see that the breakthrough on Litecoine was really significant, a minor correction may come, but in the long run, it looks very good.
May the crypto be with you!
AUDUSD_ wait for price to close below support to Sell, 170 pipsPlease Support this Idea with LIKE if it is Useful....
AUDUSD
The price is moving in a narrowing structure, If price ,If price comes back below support/resistance structure, then after a retest if price shows rejection from the selll area I expect the price to move lower for 170 pips.
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USOIL (WTI)_Important Breakout & Key Levels..Please Support this Idea with LIKE if it is Useful....
USOIL
USOIL_(WTI) broke above a major Weekly structure Resistance yesterday.
With a high momentum Bullish candle , If the candle closes above the level the breakout will be confirmed.
If bullish breakout is confirmed, then the key weekly levels to pay attentions were as follows:
Resistance 1 - 54.41
Resistance 2 - 65.89
Resistance 3 - 76.19
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AUDNZD_Buy the breakout for 170 pips..Please Support this Idea with LIKE if it is Useful....
AUDNZD
The price is trying to break above wedge structure, If price manages to break above wedge then after a retest if price holds the support, I expect the price to move higher for 170 pips.
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USDCHF back below support, more bearishness expected, 44 pipsPlease Support this Idea with LIKE if it is Useful....
USDCHF
The price is back below the support level, If price manages to stay below the support, I expect the price to move lower for 44 pips.
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S&P500, made a bullish breakout of Triangle, next stop 3800.Please Support this Idea with LIKE if it is Useful....
S&P500
The price made a bullish breakout of the triangle pattern , after a pullback If price holds the support I expect the price to move higher.
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Ford close to the trend reversalFord (NYSE:F) formed a falling wedge. It tests the resistance line on a monthly chart. The stocks are confidently recovering, there are signals of a reversal of a long-term downtrend.
Recently it has become known that Ford invests $100 million in a plant in Missouri. The investment is part of more than $11.5 billion that Ford will spend on electric vehicles through 2022.
The company marked it wants to release its most iconic ICE models in electric versions. The popularity of electric cars is growing, especially during the oil crisis.
Best regards EXCAVO
TESLA made a bullish breakout of resistance structure, new ATHPlease Support this Idea with LIKE if it is Useful....
TESLA
The price made a bullish breakout of the resistance structure , after a pullback If price holds the support I expect the price to move higher.
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NZDCAD, Sell the wedge breakout for 210 pipsPlease Support this Idea with LIKE if it is Useful....
NZDCAD
The price is trying to break below the wedge shaped structure, If price manages to break below the wedge structure, I expect the price to move lower for 210 pips.
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EURUSD_Sell from the trendline for +230 pips_sharp fall expectedPlease Support this Idea with LIKE if it is Useful....
EURUSD
previously the trendline act as a support or resistance for the price, I expect the price to move lower after touching the trendline.
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GBPUSD, Sell from the strong Resistance structure, 350 pips fallPlease Support this Idea with LIKE if it is Useful....
GBPUSD
The price is approaching strong resistance structure, I expect the price to move lower from the resistance structure for 350 pips.
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GBPJPY broke above wedge pattern, more growth expected,+150 pipsPlease Support this Idea with LIKE if it is Useful....
GBPJPY
The price broke above wedge structure and bounced from Support level , if price stays above the support I expect the price to grow.
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AUDNZD, wait for breakout & retest to buy, 140 pipsPlease Support this Idea with LIKE if it is Useful....
AUDNZD
The price is forming a wedge shaped structure , If price manages to break above the wedge structure, then after a retest if price holds the support, I expect the price to move higher for 140 pips
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