Disney's "Mulan" was released yesterday. And there is a lot of publicity about it...
Tesla announced a stock split
Tesla likes to bring surprises to its investors and today is one of these days. The famous automaker posted an announcement on its website that the Board of Directors has approved a five-for-one split of Tesla’s common stock to make its ownership accessible to more people. The trading with changes in price will start
What is a stock split?
The stock split is a situation when a company increases the number of shares. In the case of Tesla, an investor who holds one stock will receive an additional four. This operation does not result in a change in the total market capitalization of a company. In the short term, it results in a spike of a price.
Key levels for TESLA
The price of Tesla stock was moving down for the last couple of days. Yesterday, it tested the support at $1 365. Due to the news on the stock split, the price of a stock may form a gap up after the opening of the US market at 16:30 MT time to the $1 500 resistance level. The next resistance will be placed at $1 560. On the downside, bears will be waiting for the breakout of $1 365 in order to reach $1 250 (50-day SMA).
What should you do for trading Tesla’s stock?
Trading stocks with FBS is easy. Follow the simple steps described below.
Long time we haven't checked the S&P 500 stocks - there are interesting events and trends to follow.
Nvidia and Alibaba report their Q2 results this week. Grab the levels and prepare to step in!
China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!