Musk's "trouble" returned: Tesla was fined 15.4 million yuan in South Korea.
$Tesla Motors(TSLA)$ South Korea's anti-monopoly regulator announced on January 3 local time that it had decided to fine Tesla, an American electric car manufacturer, 2.85 billion won, or approximately 15.4 million yuan. The penalty was imposed because Tesla published "false, exaggerated, and deceptive advertising content." South Korea's anti-monopoly regulator stated that, beginning in August 2019, advertisements on Tesla's official website exaggerated the battery life of its electric vehicles, leading consumers to believe that the battery life mentioned in the advertisement can only be ideal(20.98, 0.58, 2.84%). Furthermore, Tesla advertisements exaggerate the energy consumption of its electric vehicles as well as the func
Five Chinese concept stocks have voluntarily delisted from the New York Stock Exchange.
Five Chinese companies, including PetroChina (4.970, -0.04, -0.80%), Sinopec (4.430, 0.03, 0.68%), Shanghai Petrochemical (3.150, 0.01, 0.32%), Chalco (4.450, -0.09, -1.98%), and China Life Insurance (37.650, 0.95, 2.59%), will apply for voluntary delisting from the New York Stock Exchange. On the same day, the China Securities Regulatory Commission responded, stating that the company's decision to delist was based on its own commercial considerations. The company's continued use of domestic and international capital markets for financing and development is unaffected by the current delisting plan. According to the company's announcement, on August 12, US Eastern Time, the company notified the New York Stock Exchange that it will apply for voluntary delisting of its American depositary sha
Hello, good day traders! 👋🤙 I'm looking for a potential sell 📉 setup for $S&P 500(.SPX)$ , with both fundamental and technical indicators to back it up. 📰Fundamentally, Wall Street was mostly lower at the start of a holiday-shortened week, as investors weighed the prospect of prolonged restrictive Fed policy against China's relaxation of strict zero-COVID rules. Interest rate sensitive growth stocks weighed the most heavily, dragging down the tech-heavy Nasdaq the most. The S&P 500 joined the Nasdaq in the red, while the Dow was slightly green thanks to value stocks. 🤔On the technical front, 1.) Looking at the H4 chart, my overall bias is bearish with the price below the Ichimoku cloud, indicating a beari
Hello good day fellow traders! I'm looking for a potential buy📈 setup for $DJIA(.DJI)$ , with both fundamental and technical indicators to back it up. 📰Fundamentally, The Dow Jones Industrial Average rose on Wednesday following the release of economic data, including another housing report and a Fed manufacturing index. Following the opening bell on Wednesday, the Dow Jones Industrial Average gained 0.1%, while the S&P 500 gained 0.15%. In early trading, the Nasdaq composite gained 0.2%. 🤔On the technical front, 1.) Looking at the H4 chart, my overall bias for DJI is bullish. I am looking for a pullback buy entry at 32490.37, where the 38.2% Fibonacci line is. 2.) My stop loss is set at 31729.63, where the 50% Fib
Hang Seng Index to rise further? 📈 ( China ends quarantine )
Hello, good day traders! 👋🤙 I'm currently in a buy📈 setup for $HSI(HSI)$ , with both fundamental and technical indicators to back it up. 📰Fundamentally, China says it will end quarantine for inbound travelers on January 8, signaling the end of the country's nearly three-year-old zero-Covid policy. According to health officials, the country also downgraded Covid from its current top-level Category A to a less stringent Category B. 🤔On the technical front, 1.) Looking at the H4 chart, I have a bullish bias for HSI with price above the Ichimoku cloud, indicating a bullish market. I am looking for a possible buy stop entry at 19926.48, where the recent highs are located. 2.) My stop loss will be at 18885.20, where th
Hello, good day traders! 👋🤙 I'm looking for a potential sell 📉 setup for $NASDAQ 100(NDX)$ , with both fundamental and technical indicators to back it up. 📰Fundamentally, Despite Friday's gains, the S&P 500 and Nasdaq Composite still posted weekly losses as recession worries continue to dampen investor confidence. The major indexes fluctuated earlier in the session after the Federal Reserve's preferred inflation indicator, the core personal consumption expenditures price index, came in slightly hotter than expected on a year-over-year basis, showing that inflation is persisting despite the Fed's efforts to combat it. 🤔On the technical front, 1.) Looking at the H4 chart with price being below the Ichimoku cloud it i
Hello, good day traders! 👋🤙 I'm looking for a potential sell📉 setup for $S&P 500(.SPX)$ , with both fundamental and technical indicators to back it up. 📰Fundamentally, Stocks decline following strong economic data. Data indicate a robust labor market and quicker economic growth than previously believed. The last few weeks have seen choppy stock prices. The market has been affected by the Federal Reserve's announcement that it will keep raising interest rates to combat inflation as well as predictions of a recession in 2023. 🤔On the technical front, 1.) Looking at the H4 chart, my overall bias is bearish with the price below the Ichimoku cloud, indicating a bearish market. 2.) Price has tapped into my sell entry at 386
Dow Jones Index : Upbeat earnings, strong consumer confidence data 📈📈📈
Hello good day fellow traders! I'm looking for a potential buy📈 setup for $DJIA(.DJI)$ , with both fundamental and technical indicators to back it up. 📰Fundamentally, Dow closes 500 points higher thanks to positive earnings and high consumer confidence numbers. Following positive earnings reports from two bellwether companies that gave investors hope that corporate earnings might be better than expected despite a potential recession, stocks surged on Wednesday, rising for a second day. Sam Stovall, chief investment strategist at CFRA Research, stated that "we got a little oversold and I think the market was looking for a reason to rally, and the Nike and FedEx number provided that." "However, I really wonder if this is so
Hello, good day traders! 👋🤙 I'm currently in a buy📈 setup for $HSI(HSI)$ , with both fundamental and technical indicators to back it up. 📰Fundamentally, Hong Kong and mainland China to expand Stock Connect scheme Securities regulators announce an agreement that will expand the list of companies that are eligible. According to information released on Tuesday by mainland brokerage CICC, the change will increase the number of mainland stocks eligible for trading via the northbound link from the current 1,458 to approximately 2,516. 🤔On the technical front, 1.) Looking at the H4 chart, I have a bullish bias for HSI with price above the Ichimoku cloud, indicating a bullish market. I am looking for a possible buy entry a
Hello, good day traders! 👋🤙 I'm looking for a potential sell 📉setup for $NASDAQ 100(NDX)$ , with both fundamental and technical indicators to back it up. 📰Fundamentally, Dow Jones, S&P 500, and Nasdaq 100 decline as Treasury yields increase. Markets have already factored in a more hawkish Fed, putting APAC stocks at risk. After last week's policy announcement, if you looked at the Fed's projection for interest rates, you would see that it was more aggressive than what the market was pricing in. As expected, it appears that this divergence let volatility in. Given this, it is still logical to predict that the tech-heavy Nasdaq 100 may continue to be more vulnerable going forward. 🤔On the technical front, 1.) Looking at