To The Moon

EV counters had been quite calm since the huge rally in July. Investors are probably waiting for this wave of correction to end before opening a new position in these stocks. So, do you think the correction wave will finish soon or the stocks will continue remain at a consolidation phase for incoming weeks? Let's look at the leader Tesla! TSLA in Technical Aspects Since the downtrend line breakout towards the end of August, TSLA began its trend reversal with strong rebound over the past two weeks. TSLA daily chart We can see obvious symmetrical triangle followed by an ascending triangle pattern as highlighted in blue in the chart above. Symmetrical and Ascending Triangle - Bull or Bear sign? A symmetrical triangle is a chart formation where the s

Shares outstanding refer to the number of company's issued shares that are actively traded in the market.It is a crucial financial indicator, and understanding the shares outstanding of a company can assist investors in making more informed investment decisions.Firstly, the size of shares outstanding can impact the company's share price. When the shares outstanding are relatively low, there is less trading volume, making the share price more susceptible to fluctuations based on investors' buying and selling activities.Conversely, when the shares outstanding are higher, there is greater trading volume, resulting in relatively smaller price fluctuations.Secondly, investors can assess the liquidity of a company's share by understanding the shares outstanding. If the shares outstanding are hig