How dows Faraday Future view yourself agaisnt the US market players ? And key leverages you have to gain a solid share in US market in the next 3-5 years?
$Tesla Motors(TSLA)$ disheartened to say this but will stay bearish for some time this quarter until there is a new exciting source of revenue stream to boost market confidence. The high interest rate is not likely to go away so soon. Still would be a good time for the Tesla lover to grab a bit more or wait a little further down to a level they are comfortable enough.
Chinese ADRs continued to be volatile for the past months. Until last week, we see many of these stocks start to pick up and rebound strongly, after the good stimulus news from the Chinese government. Some hot counters Let's look into some popular Chinese hot ADRs. First and foremost, the famous BABA. It showed a strong breakout from its parallel uptrend tunnel, which may lead the stock to continue its bullish movement next week, therefore $Alibaba(BABA)$ . Nice breakout Next will be $Bilibili Inc.(BILI)$ , which also showed a double bottom pattern with a neckline breakout last Friday. The breakout was not firm yet as the closin
Us CPI data released at 20:30 tonight showed US August unadjusted CPI Y/y recorded 8.3%, beating market expectations of 8.1%, compared with 8.5% last. The unseasonally adjusted annual rate of core CPI rose 6.3 percent in August, the highest since March 2022. U.S. core CPI rose 6.3 percent in August, compared with 6.10 percent expected and 5.90 percent previously.Core CPI is too high because wage and services inflation are struggling to unwind in the same way as energy prices, and the Fed will no doubt tighten further. But overall, anything below 8.5% would be considered a victory.The previous three days of market gains too far ahead of the current pullback is very healthy. Otherwise, as in mid-March, I don't even think it would have to fall after the FOMC next week.In a word, today's marke
Bitcoin BTC-USD Elliott Wave Technical Analysis TradingLevels. Price Prediction Today - TradingLoungeBitcoin Headline News:Corrective rally - Next Move LowerCrypto Market Summary Bitcoin Elliott Wave Analysis: Wave ii)Bitcoin Trading Strategy: Once tech stocks top later in the next session, bitcoin shouldn't be far behind...Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817