Chart #1 : Price Target $154
Tesla has been trailing this downtrend line (aqua) and its 50 day moving average (blue) falling 36%, underperforming both major indexes SPY & QQQ up 25% and 27% over the same timeframe.
Tuesday 2 April 2024 Tesla reported vehicle deliveries of 386,810 and production of 433,371 potentially signaling a current demand problem. This...
The Hang Seng Index (HSI) breached its 200 Day Moving Average (orange) last week but it still faces some resistance from a 3 year downtrend line (aqua).
I am anticipating a breakout for Chinese equities and my favorite chart so far is JD.com (JD) which has breached its 200 Day Moving Average with decent volume and a bullish engulfing weekly close.
First...
Motor Vehicle insurance prices are up 2.6% month-over-month and 22% year-over-year according to the latest Consumer Price Index report published by the Bureau of Labor Statistics. This should benefit insurance sector equities, so let's take a look at the KIE Insurance ETF.
First Chart (Trend Line; 1 Year):
Taking a 1 year view we can see that (KIE) has been...
First Solar Inc. has an upside of 57 to 135 percent, depending on what multiple analysts decide to assign to it. Despite returns being relatively flat year to date (-.17) percent, the company and analysts who cover the stock seem to be bullish on the future prospects. The forecasted 2024 earnings per share is 13.50 compared to 7.65 in 2023, representing a 76...
