22/11 📰:Buffett Sells BYD + TSLA XPEV NIO Support Levels to Watch🕵🏻♀️🕵🏻♂️
Buffett owned Berkshire has sold 3.23 million 🇭🇰-listed shares of electric vehicle maker BYD (002594.SZ) for HK$630.33 million ($80.67 million). The sale lowered Berkshire's holdings in BYD's total issued H-shares to 15.99% on 17 Nov, down from 16.28% according to a filing to the 🇭🇰 Stock Exchange today. BYD dropped over 3% and other Chinese EVs dropped over 4-6% in 🇭🇰 today. At the time of writing, all Chinese EVs are also under selling pressure & in the red dropping 2-3%😰😰😰 $XPeng Inc.(XPEV)$
$Tesla Motors(TSLA)$ Bearishhit ANOTHER 52-Week Low $167.54🪨🪨🪨 yesterday (21/11) as recalls of Tesla vehicles intensified sell-offs🔥🔥🔥 The major support point to watch tonight is $161.50👀 If TSLA breaches this support, it will head towards 150+🥵🥵🥵
XPEV broke its 1st support level $7.10 yesterday and is currently trading near this support level at pre-market. It’s looking like it will go below 7.10 tonight…
NIO is doing slightly better and trading above its support level of $9.71 at pre-market.
‼️ Investors now await the release of minutes from the Fed's Nov meeting on 23/11(Wed), which has great influence to send the markets down📉📉📉or up📈📈📈
⚠️ Traders are widely betting on a 50bps hike in the Dec, with a peak for rates expected in June. Any deviation in the meeting minutes from this will cause a market sell-off.
Fellow 🐯🐯🐯 Do keep a close watch on the market once Fed minutes are released & react accordingly🤓
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Source Websites: Reuters & Barchart
Modify on 2022-11-22 21:31
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