Detailed graph of #eth #Ethereum.Detailed graph of #eth #Ethereum.
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Ilon
Ilon pumpactually if we want to ignore yellow part .
we are still in a descending triangle .
so it can be possible to fall heavily and surprise many people.
in my opinion it was a very big fake breakout
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
TESLAWelcome to Excavo's professional analysis of the stock prices of Tesla Inc.
Tesla is up more than 91% year to date.
Fundamental Analysis and News:
Morgan Stanley raised its base case price target on Tesla (NASDAQ:TSLA) to $500 from $360 and the bull case target to $1,200 from $650.
The company has "significant addition optionality" through the truck, self-driving, battery technology, and solar markets.
Technical Analysis:
Currently, TSLA is approaching an important all-time psychological resistance level of $1000.
It should be noted that the price action flashes a bearish signal - the gaps that are in areas of the chart where a security's price either rises or falls from the previous day’s close, with no trading occurring in between. Gaps like these tend to get filled and indicates that a trend reversal is forming from bullish to bearish, and a downtrend could follow.
On the flip side, many stop-loses hold on in a $1000-1100 trading range and in case of achieve these points there will be a closing of sell positions at market prices, which opens up the gates for a further rally to target the next resistances up to $1600.
Remember to be cautious and to use proper risk management tactics to prevent any losses from unexpected market movements.
Resistance Levels: $1000, 1100, 1300, 1600
Gap levels: $655, 589, 514, 430, 255
Day's Range: 41.61 — 45.73
Market Cap: 154.068B
Stay tuned for future technical analysis, news, updates, and more from EXCAVO
