As the year winds down and the festive spirit takes hold, the stock market often presents a curious yet anticipated phenomenon known as the Santa Rally. Within this whirlwind of festive trading, let’s look at how two titans of the tech world, Amazon and Apple, might fare during this unique season.
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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