Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
TESLA: the third offering
2020-12-08 • Updated
Tesla is planning to raise $5bln in another offering coming this month. It is supposed to make the company cash flow more balanced and partly cover the liabilities section.
Fundamentally, things look pretty well with Tesla, with the positive financial performance for the last five quarters, and two more plants to be opened in Germany and the US.
Technically, note that after every surge, Tesla stock corrected sometimes up to 50% of the gain, getting down to the last resistance it has broken. So if it was to go down again, it would be the support of $500 you’d need to look at.
Therefore, watch how it goes, and follow the news.
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Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...