TRADING IDEAS
#Google, #Facebook Agreed to Team Up on Antitrust Action

#Facebook Inc. and# Alphabet Inc.’s Google agreed to “cooperate and assist one another” if they ever faced an investigation into their pact to work together in online advertising, according to an unredacted version of a lawsuit filed by 10 states against Google last week.
The suit, as filed, cites internal company documents that were heavily redacted. The Wall Street Journal reviewed part of a recent draft version of the suit without redactions, which elaborated on findings and allegations in the court documents.
Ten Republican attorneys general, led by Texas, are alleging that the two companies cut a deal in September 2018 in which #Facebook agreed not to compete with Google’s online advertising tools in return for special treatment when it used them.

#Google used language from “Star Wars” as a code name for the deal, according to the lawsuit, which redacted the actual name. The draft version of the suit says it was known as “Jedi Blue.”
The lawsuit itself said #Google and #Facebook were aware that their agreement could trigger antitrust investigations and discussed how to deal with them, in a passage that is followed by significant redactions.
On technical fronts, #Facebook Inc. RSI stood at 45.57and currently stock is trading below all moving averages. So, a SELL position can be taken with the following target and stop-loss:
TRADE SIGNAL - :#Tesla (NASDAQ:TSLA) Inc. - SELL: 272.79, TARGET : 267.74, STOPLOSS : 278.81

On technical fronts, Alphabet Inc.’s #Google RSI stood at 46.8and currently stock is trading below 5 and 20 days MA and above 50 days MA. So, the BUY position can be taken with the following target and stop-loss:
TRADE SIGNAL - :#Alphabet Inc.’s Google- BUY: 1735.22, TARGET : 1748.91, STOPLOSS : 1700.00

TOP 5 STOCKS TO WATCHOUT:-


1.#ETHEREUM GOOGLE:- Alphabet Inc's Google on Friday suspended the Parler social networking service from its app store, citing posts inciting violence and demanding “robust” content moderation from the app favored by many supporters of the U.S. President Donald Trump.
Apple Inc on Friday also gave the service 24 hours to submit a detailed moderation plan, pointing to participants using the service to coordinate Wednesday's siege of the U.S. Capitol building.
The actions by the two Silicon Valley companies mean that the network seen as a haven for people expelled from Twitter could become unavailable for new downloads on the world's main mobile phone app stores within a day. It would still be available in mobile browsers.



2. #SAMSUNG :--Samsung Electronics Co. rose the most in almost 10 months after Intel Corp. was said to be considering asking the South Korean giant and Taiwan Semiconductor Manufacturing Co. to make some of its most sophisticated chips, a major departure for the Silicon Valley pioneer.
After successive delays in its chip fabrication processes, Santa Clara, California-based Intel has yet to make a final decision less than two weeks ahead of a scheduled announcement of its plans, according to people familiar with the deliberations. Any components that Intel might source from Taiwan wouldn’t come to market until 2023 at the earliest and would be based on established manufacturing processes already in use by other TSMC customers, said the people, asking not to be identified because the plans are private.
Intel is still holding out hope for last-minute improvements in its own production capabilities. Talks with Samsung ,whose foundry capabilities trail TSMC’s, are at a more preliminary stage, the people said. TSMC and Samsung representatives declined to comment. An Intel spokesperson referred to previous comments by Bob Swan, the company’s chief executive officer.



3.#HSBC:- Major HSBC shareholders are calling on Europe's biggest bank to toughen its commitment to cut lending linked to fossil fuels and to turn its climate "ambitions" into targets.
Investors collectively managing some $2.4 trillion in assets have filed the resolution to be voted on at HSBC's annual general meeting, after HSBC in October stated its ambition to get to net zero carbon emissions by 2050.
That pledge was criticised by campaigners for not directly addressing HSBC's lending to fossil fuel firms, including a relatively large share of clients involved in the coal sector.
"HSBC is strongly committed to addressing climate change, in line with our clear ambition to align our financed emissions of our entire business portfolio to net zero by 2050 or sooner," a spokesperson for the bank said.
But after a four-year period of engagement with HSBC, the investors coordinated by responsible investment group ShareAction and including Europe's largest asset manager Amundi said they wanted to see the bank go further.

4.#TESLA :Tesla Inc is searching for a design director in China, part of efforts to open a "full-function" studio in Shanghai or Beijing and design electric cars tailored to Chinese consumer tastes, according to three people with knowledge of the matter.
The U.S. carmaker's human resources managers, as well as several headhunters, have been trawling the industry over the past four months, the sources said.
They are looking for "bi-cultural" candidates with 20 or more years of experience who are familiar with Chinese tastes and can bridge the gaps between China and the United States, they added.
Some candidates have been interviewed by Tesla's global design chief Franz von Holzhausen, according to the people, though it was not clear how many potential candidates had been approached by the company and recruiters.
All three sources spoke to Reuters on condition of anonymity due to the sensitivity and confidential nature of the matter.

TOP 5 STOCKS TO WATCHOUT:-


1.#TESLA-Tesla Inc said on Monday it has started delivering its Shanghai-made Model Y sports utility vehicles to customers in China.
A representative for the U.S. automaker made the comment in response to a query from Reuters.
The company obtained permission to start selling the cars from the Chinese government in November and has set a starting price of 339,900 yuan ($52,400).

2. #AMAZON : A local official from India's ruling Hindu nationalist party on Sunday registered a police complaint against an Amazon Prime web series alleging it insults Hindu gods and goddesses, and threatened to launch a protest at the company's office in Mumbai.
Protests against Amazon.com have been organised for Monday to warn it not to show scenes insulting Hindu gods and goddesses, Ram Kadam, a BJP member of the Maharashtra legislative assembly, said in a tweet after filing a complaint with police in Mumbai on Sunday.
The political drama "Tandav" also drew the ire of other lawmakers from the Bharatiya Janata Party (BJP), causing fresh controversy for the e-commerce giant which last year had to withdraw dozens of rugs and doormats depicting Hindu gods from its international Amazon.com platform after a backlash in India.
3.#SAMSUNG:-South Korea's Seoul High Court sentenced Samsung Electronics vice chairman Jay Y. Lee to a two-and-a-half year jail term, the court said on Monday.
Lee, 52, was convicted of bribing an associate of former President Park Geun-hye and jailed in 2017, but the sentence was reduced and suspended on appeal. The Supreme Court then sent the case back to the Seoul High Court, which ruled on Monday.

4. #FOXCONN :- Vietnam on Monday awarded a licence to a unit of Taiwan's Foxconn Technology Co Ltd to build a $270 million plant to produce laptops and tablets, the Vietnamese government said.
The plant, to be developed by Fukang Technology, will be located in the northern province of Bac Giang and will annually produce eight million units, the government said in a statement on its website.

5.#FACEBOOK:-Facebook Inc said on Saturday it will ban advertisements for weapon accessories and protective equipment in the United States with immediate effect until at least two days after U.S. President-elect Joe Biden's inauguration on Jan. 20.
Following the attack by supporters of President Donald Trump against the U.S. Capitol on Jan. 6, the social media company said it will now prohibit ads for accessories such as gun safes, vests and gun holsters in the United States.

TOP 5 STOCKS TO WATCHOUT:-


1.#GOOGLE- Google parent Alphabet Inc is shutting down its internet balloon business, Loon, which aimed to provide a less expensive alternative to cell towers, saying on Thursday that it was not commercially viable.
Founded in 2011, Loon aimed to bring connectivity to areas of the world where building cell towers is too expensive or treacherous by using balloons the length of tennis courts to float solar-powered networking gear high above the Earth. But the wireless carriers that Loon saw as buyers of its technology have questioned its technical and political viability.
"While we’ve found a number of willing partners along the way, we haven’t found a way to get the costs low enough to build a long-term, sustainable business," Loon Chief Executive Alastair Westgarth said in a blog post.
Rich DeVaul, a founder of the project who is no longer with Alphabet, added that surging demand for mobile connectivity made towers cost-effective in more of the world than he had estimated a decade ago, diminishing the need for Loon.


2.#TESLA :-Tesla Inc chief and billionaire entrepreneur Elon Musk on Thursday took to Twitter to promise a $100 million prize for development of the "best" technology to capture carbon dioxide emissions.
Capturing planet-warming emissions is becoming a critical part of many plans to keep climate change in check, but very little progress has been made on the technology to date, with efforts focused on cutting emissions rather than taking carbon out of the air.
The International Energy Agency said late last year that a sharp rise in the deployment of carbon capture technology was needed if countries are to meet net-zero emissions targets.
"Am donating $100M towards a prize for best carbon capture technology," Musk wrote in a tweet, followed by a second tweet that promised "Details next week."
Tesla officials did not immediately respond to a request for additional information.
Musk, who co-founded and sold Internet payments company PayPal Holdings Inc , now leads some of the most futuristic companies in the world.
Besides Tesla, he heads rocket company SpaceX and Neuralink, a startup that is developing ultra-high bandwidth brain-machine interfaces to connect the human brain to computers.


3.#AMAZON:- Amazon Inc said on Thursday it will open a pop-up clinic in its Seattle headquarters on Jan. 24 with an aim to vaccinate 2,000 eligible members of the public against COVID-19 on the first day.
Amazon Senior Vice President of Global Corporate Affairs Jay Carney, who announced the plan in a news conference with Washington Governor Jay Inslee, said a company executive will be working with Washington State's Vaccine Command Center.
The clinic will be hosted in partnership with Virginia Mason Franciscan Health.
The move came a day after Reuters reported that Amazon had offered to help with the United States' efforts involving the COVID-19 vaccine, citing a letter addressed to President Joe Biden.
The State currently allows people aged 65 and older and people 50 and older living in a multi-generational household to get vaccinated. It has yet to grant doses for the vaccination of warehouse employees, such as Amazon's.
The company employs more than 800,000 people in the country and more than 19,000 U.S. workers at Amazon had contracted the virus as of September, underscoring the vaccine's importance in keeping its staff safe and warehouses operational.

4. #INTEL:-Intel Corp 's financially sensitive information was stolen by a hacker from its corporate website that prompted the company to release its earnings statement ahead of schedule, the Financial Times reported on Thursday, quoting the chief financial officer.
CFO George Davis did not provide more details, but said that the leak was the result of an illicit action that had not involved any unintentional disclosure by the company itself, according to the report.

TOP 5 STOCKS TO WATCHOUT (22-01-2021):-

1.GOOGLE- Google parent Alphabet Inc is shutting down its internet balloon business, Loon, which aimed to provide a less expensive alternative to cell towers, saying on Thursday that it was not commercially viable.

#Google #Tesla #Amazon #Intel #Ford #StockAnalysis #TradeAnalysis #TechnicalAnalysis #FundamentalAnalysis #CapitalStreetFx

https://www.capitalstreetfx.com/en/top-5-stocks-to-watchout-22-01-2021/

TOP 5 STOCKS TO WATCHOUT


1.#TWITTER- Twitter Inc said on Wednesday it would not fully comply with orders from Prime Minister Narendra Modi's government to take down some accounts as it does not believe the orders are consistent with Indian law.

It has permanently suspended some accounts but for others, it has only restricted access within India and the tweets can still be read outside the country.
The U.S. social media giant has found itself in a heated no-win row with Modi's administration, which wants it to take down more than 1,100 accounts and posts that the government argues are spreading misinformation about months-long farmers' protests against new agricultural laws.
Some accounts, the government said, are backed by arch-rival Pakistan or are operated by supporters of a separatist Sikh movement.
The government has played hardball, sending Twitter a notice of non-compliance last week that threatens its executives with jail terms of up to seven years and the company with fines if it does not block the content.
Twitter said it had suspended more than 500 accounts that were engaging in clear examples of platform manipulation and spam, and had also taken actions on hundreds of others that breached its rules relating to the inciting of violence and abuse.
Others were geo-blocked, although Twitter did not go into detail on how it made decisions on which accounts to restrict.
"These accounts continue to be available outside of India," Twitter said. "Because we do not believe that the actions we have been directed to take are consistent with Indian law."


2.#TESLA :Electric-vehicle startup Rivian, which is backed by Amazon.com Inc and Ford Motor Co, is looking to go public as soon as September at a valuation of about $50 billion or more, Bloomberg News reported on Tuesday.
Rivian has been in talks with bankers about its plans, but the company's timeline for an initial public offering isn't final and a listing could happen later in the year or next year, Bloomberg News reported, citing people familiar with the matter.
The company declined to comment.
Rivian, which aims to put an electric pickup and SUV in production this year, announced last month a $2.65-billion investment round led by T. Rowe Price. The startup has said it has raised $8 billion since the start of 2019.
The company's deliveries of pickups would start in June, while those of SUVs would begin in August. Launch editions of the vehicles are priced at $75,000 and $77,500, respectively, with a 300-mile (480 km) driving range for both.
In 2019, Amazon ordered 100,000 electric vans from Rivian. The first Amazon vehicles went into production at Rivian's factory in Normal, Illinois in late 2021, with all deliveries to be completed by 2024.


3.#APPLE:-Apple Inc has partnered with Taiwan Semiconductor Manufacturing Co to develop micro OLED displays, which it plans to use in its upcoming augmented reality (AR) devices, Nikkei Asia reported on Wednesday.
Apple is collaborating with TSMC, the sole supplier of iPhone processors, as micro OLED displays are far thinner, smaller and use less power, making them more suitable for use in wearable AR devices, the report said.

The displays under development are less than 1 inch in size, Nikkei added.
Bloomberg News in January reported that Apple was still working on underlying technologies for its AR glasses, codenamed N421. It said the product was several years away, citing sources, but added that Apple has previously targeted as early as 2023 to unveil it. The micro OLED project with TSMC is currently at the trial production stage and will take several years to achieve mass production, according to Nikkei.


4. #GOOGLE:- Alphabet Inc's YouTube said on Tuesday it has become the first digital platform to receive an accreditation from the Media Rating Council, signifying the streaming video service effectively protects its advertisers from appearing on content deemed inappropriate for paid ads.

TOP 5 STOCKS TO WATCH OUT TODAY 10 FEBRUARY 2021


https://www.capitalstreetfx.com/en/top-5-stocks-to-watch-out-today-10-february-2021/

#Twitter #Tesla #Apple #Google #WaltDisney #StockAnalysis #UsStocks #Top5Stocks

TOP 5 STOCKS TO WATCHOUT:-


1.#TESLA - Chipmakers like Samsung Electronics Co Ltd will need a couple of weeks to resume production in Texas after shutdowns caused by severe weather, and customers could face knock-on effects in several months' time, a representative of a trade body said.
The shutdown threatens chip supplies as the industry is scrambling to meet demand, which is rising especially from the auto sector, but also for laptops and other products as economies recover from the impact of the pandemic.
Chipmakers now have the power, water and gas they need to operate, but they need time to restart tools and clean the factories, Edward Latson, CEO of the Austin Regional Manufacturers Association, said.
He said the process was slow and "very expensive".
Samsung said on Tuesday it "may require more time to reach normal levels as we inspect and reconfigure the facility."
The plant suspension would have an impact on automakers five months later because that is the time needed to make chips, Latson told Reuters.
There is also an impact now, Risto Puhakka, president of VLSIresearch, said.
"The impact is almost immediate, as the chip inventories are low and customers need them as soon as possible," he said. "We are now looking at about one month of lost production."
Samsung supplies chips for Tesla and other customers and NXP and Infineon are also automotive chip suppliers.
Tesla Chief Executive Officer Elon Musk said the electric vehicle company’s Fremont, California, plant shut down for two days last week, without elaborating further.
NXP, which has two factories in Austin, said in a statement on Tuesday: "We are diligently working through equipment, system and product assessments to resume our operations as soon as possible."
2. #MICROSOFT:-A China-linked cyber-espionage group has been remotely plundering email inboxes using freshly discovered flaws in Microsoft) mail server software, the company and outside researchers said on Tuesday - an example of how commonly used programs can be exploited to cast a wide net online.
In a blog post, Microsoft said the hacking campaign made use of four previously undetected vulnerabilities in different versions of the software and was the work of a group it dubs HAFNIUM, which it described as a state-sponsored entity operating out of China.
In a separate blog post, cyber-security firm Volexity said that in January it had seen the hackers use one of the vulnerabilities to remotely steal "the full contents of several user mailboxes." All they needed to know were the details of Exchange server and of the account they wanted to pillage, Volexity said.
China opposes all forms of cyber-attacks, Chinese foreign ministry spokesman Wang Wenbin said at a news briefing in Beijing on Wednesday.
"China wishes relevant media and companies take a professional and responsible attitude, and base characterizations of cyber-attacks on ample evidence, rather than groundless guesses and accusations," he said.
Ahead of the Microsoft announcement, the hackers' increasingly aggressive moves began to attract attention across the cybersecurity community.
Mike McLellan, director of intelligence for Dell Technologies (NYSE:DELL) Inc's Secureworks, said ahead of the Microsoft announcement that he had noticed a sudden spike in activity touching Exchange servers overnight on Sunday, with around 10 customers affected at his firm.
Microsoft's suite of products has been under scrutiny since the hack of SolarWinds, the Texas-based software firm that served as a springboard for several intrusions across government and the private sector. In other cases, hackers took advantage of the way customers had set up their Microsoft services to compromise their targets or dive further into affected networks.
Hackers who went after SolarWinds also breached Microsoft itself, accessing and downloading source code - including elements of Exchange, the company's email and calendaring product.

TOP 5 STOCKS TO WATCHOUT:-


1.#MICROSOFT - The European Banking Authority on Monday said it had been targeted by hackers, although no data had been obtained and it was redoubling efforts to shield itself amid a global cyber attack exploiting flaws in Microsoft's mail server software.
The European Union's banking regulator, which gathers and stores swathes of sensitive data about banks and their lending, said it believed the cyber attack had struck only its email servers.
It is the latest prominent victim among tens of thousands of organisations in Asia and Europe targeted in a campaign which Microsoft Corp says makes use of previously undetected vulnerabilities in different versions of its mail server software.
The hacks are continuing despite emergency patches issued by Microsoft, which has said it is working with government agencies and security companies to help customers.
However, one scan of connected devices showed only 10% of those vulnerable had installed the patches by Friday, though the number was rising.
Microsoft and a person working with the U.S. response blamed the initial wave of attacks on a Chinese government-backed actor. A Chinese government spokesman said the country was not behind the intrusions.
What started as a controlled attack late last year against a few classic espionage targets grew last month to a widespread campaign. More attacks are expected from other hackers as the code used to take control of the mail servers spreads.
All of those affected appear to run Web versions of email client Outlook and host them on their own machines, instead of relying on cloud providers.
2. #PAYPAL- PayPal Holdings Inc said on Monday it would buy Israel-based digital asset security provider Curv, as the payments processor looks to strengthen support to cryptocurrencies.
The terms of the deal, which is expected to complete in the first half of 2021, were not disclosed. Curv would be part of PayPal's recently created cryptocurrencies-focused unit.
PayPal said in October last year, it would allow customers to buy, sell and hold cryptocurrencies in its online wallets.
The move to acquire Curv comes as digital currencies have soared this year, with growing involvement of institutional investors including Tesla Inc, Bank of NY Mellon and Square Inc.
3. #BOSCH :- German technology group Bosch said on Monday it would open an automotive chip factory in Dresden in June to build on its leadership in sensor chips that will boost the electric car industry.
The 1 billion euro ($1.2 billion) plant will produce sensor chips to be installed in electric and hybrid electric vehicles. The chips help increase the range of electric vehicles.
Bosch began testing the fully automated production of prototype chips, a step towards starting full-scale production at the end of the year, it said.
The plant will not produce the kind of semiconductor chips now in short supply, causing disruptions to the global car industry.
The factory, partly financed by the Free State of Saxony and federal government in Berlin, will employ 700 people. Plans for the plant were announced in 2017.
The local and federal governments want to make Dresden a centre for semiconductor research and manufacturing.
4.#TESLA: -Billionaire entrepreneur Elon Musk will construct a large battery that will connect to the Texas grid, Bloomberg News reported on Monday.
Gambit Energy Storage LLC, which is registered as a Tesla Inc unit, is building an over 100-megawatt energy storage project in Angleton, Texas, the report said.
The battery could power about 20,000 homes in peak summer, the report added.
Tesla could not be reached for a comment.
This comes days after a mid-February storm temporarily knocked out around half the state's generating plants, triggering outages that killed dozens and pushed power prices up to 10 times the normal rate.
In 2016, Tesla had won a contract to provide a 20-megawatt energy storage system at a substation owned by California utility Southern California Edison Co.

BEST STOCK TO TRADE TODAY – 09 MARCH 2021

#Microsoft #Paypal #Bosch #Tesla #Apple
https://www.capitalstreetfx.com/en/best-stock-to-trade-today-09-march-2021/

TESLA IN TALKS WITH INDIA’S TATA POWER
Tesla Motors (NASDAQ:TSLA) UP 4.72% AT 699.60

On technical fronts Tesla Motors (NASDAQ: TSLA) RSI stood at 48.07 and currently stock is trading below 5 and 20 days MA and above 50 Moving Averages. So, SELL position can be taken with the following target and stoploss.

TRADE SIGNAL -: Tesla Motors (NASDAQ:TSLA) – SELL: 699.60, TARGET: 622.95, STOP LOSS: 774.34

Checkout the link to read full Report
https://www.capitalstreetfx.com/en/tesla-in-talks-with-indias-tata-power/
#TataMotors #Tesla #EV #Stockmarket

We Provide over 15 Trade signals for free to enhance Your Trading strategy so you can cash in potential market moves. Invite your friends to the group to take advantage of it. TRADE SIGNAL 2021-04-13

#GBPUSD
SELL = 1.3740
TARGET= 1.3640
SL= 1.3790

#Silver
SELL = 24.850
TARGET= 24.450
SL= 25.050

#TESLA.
BUY= 701.95
TARGET= 761.95
SL= 671.95

#LITECOIN USD
BUY = 251.100
TARGET= 261.100
SL= 246.100

#CAC40
BUY =6,160.50
TARGET = 6,210.50
SL= 6135.50

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TRADE SIGNAL 2021-04-15

#USD/CHF
BUY = 0.9230
TARGET= 0.9260
SL= 0.9215

#GOLD
BUY = 1740.10
TARGET= 1770.10
SL= 1725.10

#TESLA
BUY= 730.50
TARGET= 790.50
SL= 700.50

#ETHEREUM USD
BUY = 2,470.80
TARGET= 2,570.80
SL= 2,420.80

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TRADE SIGNAL 2021-04-23
#GBP/USD
BUY = 1.3860
TARGET= 1.3910
SL= 1.3835

#GOLD
BUY = 1780.50
TARGET= 1810.50
SL=1765 .50

#TESLA
BUY= 715.60
TARGET= 815.60
SL= 765.60
#ETHEREUM USD
SELL = 2,240.50
TARGET= 2,440.50
SL= 2,140.50

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TRADE SIGNAL 2021-04-28
#USD/JPY
BUY = 108.90
TARGET= 109.30
SL= 108.70

#GOLD
BUY = 1770.50
TARGET= 1820.50
SL=1745 .50

#TESLA
SELL = 705.55
TARGET= 645.55
SL= 735.55
#BITCOIN USD
SELL = 55,490.50
TARGET= 54,490.50
SL= 55,990.50

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TRADE SIGNAL 2021-05-03
#EUR/USD
BUY = 1.2020
TARGET= 1.2060
SL= 1.2000

#CRUDE OIL WTI
BUY = 63.30
TARGET= 64.30
SL=62.80

#TESLA
BUY = 705.40
TARGET= 805.40
SL= 655 .40
#ETHEREUM USD
BUY = 3,030.50
TARGET= 3,530.50
SL= 3,780.50

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TRADE SIGNAL 2021-05-06
#EUR/USD
SELL = 1.2000
TARGET= 1.1950
SL= 1.2025

#SILVER
BUY = 26.595
TARGET= 26.695
SL= 26.545

#TESLA
SELL = 670.90
TARGET= 620.40
SL= 695 .40
#BITCOIN USD
BUY = 56,680.50
TARGET= 57,680.50
SL= 56,180.50

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TRADE SIGNAL 2021-05-10
#EUR/USD
BUY = 1.2152
TARGET= 1.2182
SL= 1.2137

#GOLD
BUY = 1830.70
TARGET= 1870.70
SL= 1810.70

#TESLA
SELL = 675.40
TARGET= 615.40
SL= 705.40
#ETHEREUM USD
BUY = 4,130.50
TARGET= 4,330.50
SL= 4,030.50

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TRADE SIGNAL 2021-05-21

#GBP/USD
BUY = 1.4175
TARGET= 1.4215
SL= 1.4155

#GOLD
BUY = 1870.70
TARGET= 1910.70
SL= 1850.70

#TESLA
SELL = 590.40
TARGET= 510.40
SL= 630.40
#BITCOIN USD
SELL = 41,350.50
TARGET= 40,350.50
SL= 41,850.50

TOP 5 STOCKS TO WATCHOUT & TRADE TODAY – SEPTEMBER 27, 2021

1#TESLA

Tesla Inc’s Shanghai factory is expected to produce 300,000 cars in the first nine months of the year, capped by a delivery rush in the end of the July-September quarter, despite a global semiconductor shortage, two sources said.

The factory makes the electric Model 3 sedans and Model Y sport-utility vehicles for domestic and international markets, including Germany and Japan.

Around 240,000 vehicles were shipped from the factory in the first eight months, including many for export, according to data from the China Passenger Car Association. Tesla has not announced details on the factory’s production.

The sources requested anonymity, as they were not allowed to speak to media. Tesla did not immediately respond to a request for comment.

In August, an official in the area where Tesla’s factory is located said it is expected to product 450,000 vehicles this year, including 66,100 for export.

Tesla is hiring managers for legal and external relations teams in China as it faces public scrutiny in the country over data security and customer service complaints.

https://www.capitalstreetfx.com/en/top-5-stocks-to-watchout-trade-today-september-27-2021/

#TopStocks #StockMarket #StockAnalysis