Nike has dropped to lows unseen since November of 2020 as it faces a boycott in China over Xinjiang's cotton issues.
Tesla: up 20% in one day - as usual
After enjoying the highs of $900 just a couple of months ago, Tesla stock lost more than 30% of the value. A few days ago, it plunged to $550. However, on Tuesday, it gained back almost 20% rising to $670. That's why we like Tesla, don't we? Double-digit growth in one day after a two-month depression.
No direct factors are mentioned in the review. A "buy" recommendation from one of the renowned stock observers (Pierre Ferragu), crypto rally, tech sector bullish bounces, and probably other factors unknown to us - all contributed to this spectacular rise.
- Watch how the stock price behaves as it comes to $700. There is a possibility that it bounces downwards from $700-720 to 200-MA.
- Wait for a local correction using the signs on the lower timeframes, buy, and aim at a mid-term target of $800 and above.
Chinese stocks were pressed by the US plans to kick them off US stock exchanges. Alibaba has already plunged by 4% in pre-market hours.
Cathie Wood’s Ark Invest claimed it foresees Tesla to hit the $3000 level by 2025. Are you among bulls as well as Ark?
Coinbase Global Inc., the leading cryptocurrency exchange in the US, will go public on the Nasdaq index on April 14!
The American inflation rate is announced on Tuesday at 15:30 MT. It’s an important event for traders as it will impact hugely currency pairs with the USD.
In this article, you'll find the latest news and tech analysis of EUR/USD, gold, and GBP/USD!