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Daily Market Analysis By FXOpen
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[QUOTE="FXOpen Trader, post: 336381, member: 104606"] [B][SIZE=5]TSLA Share Price Rises Sharply amid News of Musk's Increased Stake in the Company[/SIZE][/B] [img]https://i.imgur.com/ngPn30I.jpeg[/img] According to media reports, Elon Musk has increased his stake in Tesla by more than one and a half times — previously, the billionaire owned approximately 13% of the shares, now he owns 20.5% of Tesla. And earlier it was reported that Musk wants to increase his stake in Tesla to at least 25%. At the same time, the TSLA share price rose sharply in yesterday's trading by more than 6%, while the S&P 500 stock market index increased by “only” +0.6%. The TSLA stock chart today shows that: → the price has overcome the psychological mark of USD 200 per share; → the price has overcome the resistance level of USD 195 per share; → a bullish reversal pattern inverted head-and-shoulders has formed on the chart. [img]https://i.imgur.com/oLcCUcG.png[/img] [B][URL="https://fxopen.com/blog/en/oa-tsla-share-price-rises-sharply-amid-news-of-musks-increased-stake-in-the-company/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve"]VIEW FULL ANALYSIS VISIT - FXOpen Blog...[/URL][/B] [I][B]Disclaimer:[/B] This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. [/I] [/QUOTE]
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