The big story of yesterday and today was and still is – Tesla
Yesterday Mr. Elon Musk tweeted the following:
Right after Musk tweeted “considering taking Tesla private at 420$”, Tesla’s stock had risen by more than 7%.
Right after the tweet, A blog post called ‘Taking Tesla private’ was written by Mr. Musk had been sent to all employs.-https://www.theguardian.com/technology/2018/aug/07/elon-musk-tesla-inc-private
Tesla went of towards rates of 379.57$ per share at the close of the session, and expectations in the market are to see if the stock will reach the target price of Mr. Musk- 420$ per share and how fast will it happen – today? tomorrow?…
As of now, this is how the stock closed yesterday:
It will be interesting to follow the stock today, and the price action will be very fast as adjustments will be made both from long believers and Short traders – let’s wait and see…
Crude Oil
Oil – As the Crude Oil inventories are coming up today, the Black Gold will be under interesting price action movements as the long-term trend maintains, and the trend remains bullish and is being supported by the technical chart as appears below:
Share your opinion below and stay tuned – more to come…
