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October 26, 2024

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Indian airlines have received more than 100 hoax bomb threats in a span of a few days, forcing planes to delay, reroute and make emergency landings – throwing the country’s aviation industry into costly disarray right before one of the biggest festivals of the year.

The epidemic of hoax threats has targeted both international and domestic flights, causing chaos on long-haul trips headed for places such as New York. Although one arrest was made last week, with authorities vowing to punish perpetrators potentially with jail time, the spate of threats has continued, often sent through emails and social media posts.

One airline alone, the budget company IndiGo Airlines, received nearly 30 bomb threats in four days since Sunday, according to statements by the carrier. Other Indian airlines, including Akasa Airlines, SpiceJet and Alliance Air, have also been impacted.

The highest-profile hoaxes targeted Air India last week; one flight en route to Chicago had to make an emergency landing in Canada’s northernmost city in the Arctic, while another flight headed to Singapore had to be escorted by Singaporean fighter jets, with bomb disposal squads waiting at the airport.

Since the flurry of hoaxes first started around mid-October, “we have [had] 150 to 160” threats, said Sanjay Lazar, an aviation expert and former Air India crew member.

Bomb threat hoaxes aren’t a new phenomenon in India – several airports received similar threats in April and June this year. But the sheer frequency and level of disruption in the past two weeks has been unprecedented, sending investigators scrambling to determine who is behind the threats.

Police in Mumbai said last Tuesday that they had arrested a minor suspected of posting threats against IndiGo Airlines on X, formerly Twitter. Police are also questioning a second minor, and “there are chances he played a role in this,” a spokesperson said.

But no further arrests have been made, and more threats have come in despite authorities stepping up security measures, threatening legal punishments, appeasing airlines and reassuring panicked passengers.

“Even though there are hoax threats, we can’t take the situation non-seriously,” said Civil Aviation Minister Kinjarapu Ram Mohan Naidu in a news conference on Monday. “The safety and security of people and convenient travel … is always our utmost priority.”

With less than a week until Diwali, the festival of lights – which sparks a travel boom each year as millions of Indians fly domestically and diaspora members come home from abroad – experts worry that the ongoing hoaxes could wreak travel havoc.

Millions of dollars lost

Each bomb threat causes a ripple effect of disruptions, costing both airlines and passengers huge amounts of time and money, said Lazar.

This is partly because of strict protocols set out by outdated laws, he said. Under a 1982 law last amended in 2010, “every threat has to be taken into consideration,” he said – even though the law doesn’t mention modern factors such as social media that complicate the task.

There’s also the “lengthy process” of bureaucracy and coordinating with various committees, Lazar said.

Authorities follow these steps “word for word” with every single threat, said aviation minister Naidu. “Whenever there is a bomb threat case happening, if it is through a call or if it is through social media or if it is through some other means, we have a strict protocol that we follow,” he added.

But the threats – and their aftermath – have caused massive headaches for airlines. Not only do they have to disrupt passenger plans by rerouting or making unexpected landings, but they must also cope with the hours-long process of isolating the plane, checking the aircraft from top to bottom, screening every piece of luggage, and allowing a “cooling period” for the plane afterward, expert Lazar said.

“It’s not very simple … there’s a lot of cost and time involved.”

While the airlines have not disclosed the extent of their losses, Lazar estimated each affected carrier has lost hundreds of thousands of dollars – and the cost for the industry as a whole is likely in the millions.

The losses rack up through landing charges, fuel dumping, bomb disposal squad fees, and providing services for passengers including accommodation, alternate flights and refunds.

These disruptions would be a nightmare at any time – but particularly in the run-up to Diwali, which begins on October 31. Also called Deepvali, the festival of lights is celebrated by more than a billion Hindus, Sikhs, Jains and Buddhists around the world, with families gathering to feast on food, exchange gifts and make religious offerings.

That also makes it the second-biggest travel period of the year in India, after the Christmas to New Year period, according to Lazar.

By September, flight bookings for the Diwali period had seen an 85% increase on last year – surpassing pre-pandemic levels, according to World on Holiday, an Indian organization that analyzes travel and hospitality data.

“Passengers are going to be scared but those who need to fly will fly … so what’s going to happen if this havoc is created around Diwali?” Lazar said.

He added that while he was worried about the recent string of bomb threats, he was “even more worried about what’s going to happen around Diwali and Christmas.”

Government efforts

Authorities still don’t know who is making these threats and why – though Naidu, the aviation minister, blamed the recent hoaxes on “minors and pranksters” in a post on X.

On Monday, he also admitted it’s hard to even say whether the threats are coming from inside India due to the potential use of VPNs to mask users’ locations.

Authorities are now investigating and coordinating with different government ministries, the minister added. Meanwhile, airports have increased the number of security checks and the use of CCTV cameras to monitor their area “more thoroughly.”

The civil aviation ministry is also trying to introduce legal changes as a deterrent. If passed, the amendments would put hoax perpetrators on a no-fly list and criminalize hoaxes as a “cognizable offence,” which allows police to arrest suspects without a warrant, Naidu said.

Lazar argues the proposed measures are far from enough – saying it was “stupid” to dismiss the hoaxes as “the work of a prankster” given the severity of the disruption and potential danger of a real threat.

Authorities should use the country’s technological heft to track down online users, he said, including working with international agencies and social media platforms.

Until then, “I don’t believe we’ve seen the end of this,” he said.

This post appeared first on cnn.com

A man in Northern Ireland has been sentenced to life for several crimes, including manslaughter, after using social media sites to blackmail and sexually abuse at least 70 minors in several countries.

Alexander McCartney, 26, was sentenced by a judge at Belfast Crown Court on Friday for child sexual offenses, blackmail and the manslaughter of a 12-year-old girl who took her own life in the United States in 2018 after being “catfished,” according to a statement from Northern Ireland’s Public Prosecution Service (PPS).

Catfishing – often used on social media – is when a person uses false information and images to create a fake identity online with the intention of tricking, harassing, or scamming another person.

According to authorities, McCartney pretended to be a young girl, befriended victims on social media and manipulated them into sending him nude images of themselves.

The victims were then threatened “into sending him indecent images and videos of themselves, forcing them to engage in depraved and sometimes dangerous sexual acts,” the statement said.

McCartney – who targeted around 3,500 girls from Northern Ireland, Ireland, Great Britain, the US and New Zealand – sought to “exploit that vulnerability in the most shocking ways,” acting head of the PPS Serious Crime Unit Catherine Kierans said.

“All McCartney’s victims were young, innocent children” as young as 10 years old and “struggling with identity and body image issues and had reached out for help on social media,” Kierans said.

In total, McCartney pleaded guilty to 185 charges involving 70 victims. McCartney must serve a minimum of 20 years in prison before he can be considered for parole.

“Tragically, one of his young victims, who was just 12, had taken her own life during an online chat in which he was threatening her and forcing her to engage in sexual activity,” Kierans noted. She said that the girl, an American, and McCartney never met in person.

“If we discover this activity, or it is reported to us, we remove it, lock the violating account and report it to the authorities,” the social media site said. It added that the app has “extra protections for teens to make it difficult for them to be contacted by strangers.”

The PPS is working to identify more of McCartney’s victims, according to its statement.

This post appeared first on cnn.com

Israel said on Saturday it had struck military targets inside Iran in response to earlier Iranian attacks, again raising fears that the long-running confrontation between the two powerful militaries could escalate into an all-out regional war that draws in the United States.

The Israeli military said it had targeted Iranian missile manufacturing sites and aerial defense systems in what appeared to be a highly calculated response that avoided critical energy infrastructure, such as oil fields and nuclear facilities.

Iran appeared to downplay the impact of the attack, claiming its air defenses had successfully countered the strikes in three provinces – Tehran, Ilam and Khuzestan – and that the damage was “limited.”

The US meanwhile described the attack as “an exercise in self-defense” that “specifically avoided populated areas and focused solely on military targets.”

Israel had vowed Iran would pay for its large-scale missile attack on October 1 that saw around 200 missiles fired at Israel, forcing people across the country to take cover in bomb shelters. For weeks Israeli leaders have been deliberating on the nature and scope of such a response.

Here’s what we know.

What happened?

In the early hours of Saturday local time, Israel launched direct airstrikes against Iran, conducting what it said was “precise strikes on military targets.”

The Israeli military said its air force struck “missile manufacturing facilities” that it said were used to produce the missiles that Iran had fired at Israel over the last year.

It also said the Israeli military struck “surface-to-air missile arrays and additional Iranian aerial capabilities, that were intended to restrict Israel’s aerial freedom of operation in Iran.” It is unclear if those manufacturing facilities also produced missiles launched by Iranian proxies Hezbollah, Hamas and Houthi rebels in Yemen.

Iran later confirmed the attack but said the strikes caused only “limited damage” in some areas, while images broadcast on state media showed the calmness on the streets of the capital Tehran.

Iran’s state news agency reported strikes targeting “military centers in the provinces of Tehran, Khuzestan and Ilam” had been “successfully intercepted.”

Several explosions were heard west of Tehran around 2:15 a.m. local time (7 p.m. ET Friday), according to the state news agency. Iranian officials said blasts heard around the country were related to air defense systems being deployed.

The initial strikes were closely followed by a second wave, as video posted to social media by Tehran residents showed tracer fire and explosions illuminating the Iranian capital’s sky as dawn neared. A third and final wave then followed.

By about 6 a.m. local time, the Israeli military said it has concluded its operation, saying the “mission was fulfilled” and Israeli jets “have safely returned home.”

How did we get here?

Saturday’s strikes are part of Israel’s long-awaited retaliation to Iran’s missile attack earlier this month, as the ongoing war in the Middle East continues to escalate to dangerous new levels.

On October 1, Iran launched 200 projectiles towards Tel Aviv and Israeli military bases in what it said was a response to the killing of Hezbollah leader Hassan Nasrallah and others, its largest ever such attack.

That missile barrage came about 24 hours after Israel launched a ground war in Lebanon, opening a new front in its war against Iranian-backed militants.

Israel and Iran have been fighting a shadow war through proxies and covert actions for decades. In April, that war came out into the open when Iran launched a wave of drones and missiles at Israel in an unprecedented attack in response to a suspected Israeli strike on the Iranian consulate in Damascus, Syria.

In recent weeks, Israel has ramped up its attacks against Iran’s proxies, including launching strikes targeting the Houthis in Yemen, and militants in Syria.

But it’s in Lebanon where Israel has refocused its operations after tit-for-tat strikes across the border escalated after Israel eliminated the leadership of Iran-backed Hezbollah in series of assassinations and airstrikes.

Hezbollah leader Nasrallah was killed in an Israeli strike on his underground headquarters in Beirut in September. Netanyahu had previously said his killing was “a necessary step” toward changing “the balance of power in the region for years to come.”

Israel’s war in Lebanon has since killed more than 2,500 people, displaced 1.2 million and created a unprecedented humanitarian crisis, according to Lebanon’s leader and international health officials.

In a statement issued at the outset of Saturday’s actions, the Israeli military accused Iran and its regional proxies of relentlessly attacking Israel beginning with last year’s 7 October attack by Iran-allied Hamas, during which more than 1,200 Israelis were killed and another 250 abducted.

Following the October 7 attacks, Israel declared war on Hamas and launched military operations in Gaza that have killed more than 42,000 people.

The UN’s human rights chief warned Friday that “one of the darkest moments” of the war is unfolding in the north of Gaza where the Israeli military is “subjecting an entire population to bombing, siege and starvation.”

What happens next?

A major concern of increasing military escalations is that Israel and Iran will become entangled in a full-scale war, one that risks drawing the US – Israel’s closest ally and biggest weapons supplier – into the fray.

A senior US administration official said President Biden has “encouraged” Netanyahu last week to “design” a retaliatory attack that would “deter future attacks against Israel.”

In recent weeks, the US and other allies have urged Netanyahu to exercise restraint and avoid striking Iran’s nuclear and oil assets.

The White House said the US “was not a participant in this operation” and urged “Iran to cease its attacks on Israel so that this cycle of fighting can end without further escalation.”

By refraining from attacking Iran’s oil or nuclear sites, Israel has potentially left room for de-escalation. But it is unclear whether Iran will respond to this latest attack.

Israel’s top military spokesperson Rear Adm. Daniel Hagari said after the conclusion of strikes that if Iran were to begin “a new round of escalation,” Israel will be “obligated to respond.”

This post appeared first on cnn.com

Emmy, Grammy, and Tony award-winning, American actor Billy Porter and celebrated South African television presenter Bonang Matheba have been tapped to host the fourth annual Earthshot Prize Awards in South Africa on November 6.

The Earthshot Prize is an ambitious environmental initiative founded by Prince William back in 2020 that seeks to offer green solutions to some of the world’s most pressing problems.

Porter, who described co-hosting the evening as an “honor,” said in a statement: “I’m so inspired by the Earthshot community, and I can’t wait to be part of an evening that celebrates creativity, human ingenuity, and artistry in all its different forms.”

Matheba said she was “excited to celebrate these incredible innovators who are making a significant impact on our planet.”

The star-studded, eco awards ceremony – set to take place in Cape Town, South Africa in early November – will also include special performances and appearances from Nigerian singer-songwriter Davido, Tanzanian musician Diamond Platnumz, South African composer Lebo M alongside the Ndlovu Youth Choir and internationally acclaimed DJ and producer, Uncle Waffles.

The 15 Earthshot Prize finalists hail from six continents, with France, Ghana, Indonesia, Kazakhstan and Nepal all having teams in contention for the first time. The winners will be selected by the Prince of Wales and a panel of experts including José Andrés, Queen Rania of Jordan and David Attenborough. Each of the five winners will receive a prize of £1 million (about $1.3 million) to scale up their solutions.

Since the scheme launched, it has delivered more than £75 million (around $100 million) in direct funding and in-kind support, according to organizers. The competition has five categories: “Protect and Restore Nature,” “Clean Our Air,” “Revive Our Oceans,” “Build a Waste Free World,” and “Fix Our Climate.”

Supermodel and TV host Heidi Klum, actor and activist Nina Dobrev, Canadian model Winnie Harlow and performer Tobe Nwigwe will be on hand to announce the five category winners.

While celebrating the work of global environmental innovators, the event also intends to spotlight innovation from across the African continent.

The star-studded ceremony will be available to watch globally through a special partnership with YouTube. Earthshot Week runs November 4 to 7, culminating with the Earthshot Prize Awards on November 6.

This post appeared first on cnn.com

S&P 500 and Nasdaq: Prices and Targets for Friday

  • Wednesday, October 23rd, was very inactive for the S&P 500 as we saw a drop to 5761.8
  • The Nasdaq was under a lot of pressure on Wednesday, October 23, and we saw a drop to 19936.3

S&P 500 chart analysis

Wednesday, October 23rd, was very inactive for the S&P 500 as we saw a drop to 5761.8. The previous support at the 5840.0 level did not hold, and a pullback followed. After the new low, the index managed to start a bullish consolidation up to the 5820.0 level. There, we encountered the EMA 200 moving average, which did not allow us to continue on the bullish side, but a new pullback was initiated.

This time, we get support at the 2785.0 level. During this morning’s Asian session, the S&P 500 managed to stabilize and jump over the EMA 200 moving average. It would be nice to stay up there until the end of this week’s session to put us in a good position for next week. Potential higher targets are 5840.0 and 5850.0 levels. For a bearish option, we need a negative consolidation of the S&P 500 below the 5810.0 daily open level. With that step, we strengthen the bearish momentum, and it remains for the index to continue its retreat. Potential lower targets are 5800.0 and 5790.0 levels.

 

Nasdaq chart analysis

The Nasdaq was under a lot of pressure on Wednesday, October 23, and we saw a drop to 19936.3. After the formation of a new low, the index begins to recover and returns above the 20000.0 level. During this morning’s Asian session we get new support at 20250.0. In that zone, the EMA 200 creates additional support, and the Nasdaq continues up to the 20300.0 level. We are a little short of reaching the weekly open level and moving to the positive side.

Potential higher targets are 20400.0 and 20450.0 levels. For a bearish option, it is necessary for the Nasdaq to pull back below the daily open level. This moves us below the EMA 200 moving average. After that, we expect the rise of bearish momentum and the formation of a new daily low. Potential lower targets are 20200.0 and 20150.0 levels.

 

The post S&P 500 and Nasdaq: Prices and Targets for Friday appeared first on FinanceBrokerage.

Top Gainers

Symbol Company Name Price Change Change %
PCT PureCycle Technologies, Inc.  14.30 +3.26 +29.59%
QS QuantumSpace Corporation  6.50 1.32 +25.48%
TSLA Tesla, Inc. 260.48 +46.83 +21.92%
VKTX Viking Therapeutics, Inc. 73.22 +12.83 +21.25%
CLS Celestica Inc.  67.94 +10.47 +17.67%

Top Losers

Symbol Company Name Price Change Change %
ICLR ICON Public Limited Company  221.73 -59.03 -21.03%
WEX WEX Inc.  181.13 -31.91 -14.98%
NEM Newmont Corporation  49.25 -8.39 -14.70%
PI Impinj, Inc. 192.21 -30.25 -13.60%
FCN  FTI Consulting, Inc.  89.73 -10.20 -10.21%

 

In the first few hours of the trading session, the market showed a bullish momentum but failed to sustain at a higher level and came down and made a sideways closing. 

  • NYSE Composite: +138.83 (+0.76%)
  • Dow Jones: -140.59 (-0.33%)
  • S&P 500: +12.44 (+0.21%)

#1 Gainer: PCT Stock

PureCycle Technologies Inc. (NASDAQ: PCT) stock turned out to be the top gainer after delivering +29.59% returns on Thursday (24-Oct-2024) trading session. Traders made strong positions after buying 16,675 call options, which is 116% more than the usual 7,735 call options.

Traders and investors are keeping high hopes for upcoming Q3 2024 results as the company announces its third quarter 2024 corporate update conference call, which has been scheduled for 7th November 2024. 

The conference includes live Q&A sessions for analysts followed by investor questions, which have been submitted in advance to investorsquestion@purecycle.com.

PCT/USD 15-Minute Chart

Before concluding on to Q3 2024 results, let’s look into the technical aspect of the stock. On the 24th Oct 2024 trading session, the PCT stock gave +29.59% returns and took rejection exactly from $14.65 on multiple time frames like 5min, 15min, 1hr, 1 day and 1 week, indicating the strength of the resistance. 

Looking at stock on a weekly timeframe, we can see that the price took a reversal from the resistance zone, and RSI indicates the same over-bought scenario. A buying opportunity will trigger once the $15.98 level breaks, and prices come to retest the level. We can plan an entry on healthy buying candles with targets of $23.35 and a stop-loss of $12.

#1 Loser: ICLR Stock

ICON Public Limited Company (NASDAQ: ICLR) stock faced a major decline of 21.03% as the company was unable to achieve Q3 2024 returns by 5.12%. Zack’s consensus Estimated $3.85 per share, but the company was able to reach $3.35 per share. Compared to quarter age, the present earning comes to -12.99%. 

Consistent growth in the company and its price just added about 0.2% compared to gains of the S&P 500, which is 22.7%

Though there is no major decline in earnings as of present, earning comes to $2.03 billion compared to $2.06 billion a year ago. However not able to achieve the expected returns, the company faced major selling on 24th Oct 2024. 

ICLR/USD 15-Minute Chart

Fundamentally, the stock is still not weak. Looking at technical aspects on a weekly time frame, the company has been on an uptrend for a long time. Price broke the support trendline on 9th September, and from then, the price was moving sideways, indicating weak buyers. 

On 24th Oct 2024, major selling was triggered, bringing the price to its support level of $221.73. Currently, looking at the price-only selling scenario will trigger two situations. 

  1. If the price continues to fall and crosses the 221.73 level, then wait for the level to retest and then make an entry with the target of $185, as RSI is in the oversold situation, and the price can come for SL hunting. 
  2. If the price reverses from the 221.73 level, as the RSI will cool off, then wait for the price to break the $221.73 level and if, during that time RSI is between 40-30, then plan an entry with the target of $185. 

The post Top Stock Gainers And Losers: PCT +29.59%, ICLR -21.03% appeared first on FinanceBrokerage.

Sanofi stock gained momentum as the world’s third-largest pharmaceutical company announced its stunning performance in the third quarter of 2022 through revenue from sales area and earnings that were around a given level of change. The company was able to achieve these results due to the fast-growing sales of its vaccines in the initial months and the constant functioning of its product lines.

The French pharmaceutical company posted a 14.4% rise in business operating income to €4.6 billion, which was more than the €4 billion expected by analysts. Vaccine sales were particularly strong, increasing to €3.8 billion, an increase of 25.5%, which went far beyond the previously stated €3.2 billion. Initial flu vaccine distribution and the new RSV treatment for infants, Beyfortus, were the main drivers of the impressive quarterly result.

Sanofi Boosts Dupixent Sales by 23.8%

The company registered a 23.8% increase in the sale of its leading treatment drug, Dupixent, which is anti-inflammatory. Dupixent earned €3.48 billion, slightly higher than analyst expectations and offering even more benefits as it has very recently been given the green light for a new indication in lung disease.

Sanofi is close to the sale of the majority part of its consumer health business Opella, in a sensational strategic move. The contender of the shares is US based investor Clayton Dubilier & Rice. As the cost of the shares is about €16 billion, this sale will allow the company to invest in advanced clinical research for drugs, supporting the CEO’s plan to specialize in the so-called next-gen drugs.

Market reactions have been positive. JP Morgan experts are anticipating a 3-5% increase in Sanofi shares. Sanofi is expected to record a small gain in 2024 with the expansion of its core business. In response to this, there will be the most substantial growth in 2025 as a result of its cutting-edge portfolio.

Sanofi Stock Chart Analysis

SNU/USD 15-Minute Chart

During Sanofi’s recent stock performance review, it’s pretty obvious that these shares have been under pressure over the past few years. The stock reached the highest point of $55.04 before plunging downward, which became even more pronounced in the later sessions. The price currently lies at $52.07, which shows a 0.21% deflection from the previous value on the day. This was the biggest drop in the stock’s price that started a little before October 18, with the stock being the highest at $55.

The biggest change was seen on October 24, when the stock reached its lowest level of only $50.01, before making a little progress. The price has indeed gone up a bit, but we are still watching it fight to get higher. This deep selloff may be due to wider market concerns or the investors’ response to Sanofi’s cost-cutting plans, including the decision to spin off its consumer health division.

As the shares of Sanofi fluctuate just above the $50 mark, it is important to keep in mind that this psychological level is a major one. If Sanofi’s shares head further south beyond this psychological level, it may encourage further selling. However, for the rest of us preferring to see the bigger picture, this could also be a time to buy at a lower price, especially since Sanofi seems to be concentrating more on vaccines and speciality drugs.

In general, we are at a stage of inconsistency in Sanofi stock, as there has been a test of the critical support levels. This could either lead to additional losses or potential recovery, depending on the sentiment of the market.

The post Sanofi Stock Report: 14.4% Income Growth Amid Restructuring appeared first on FinanceBrokerage.

Tesla stock (NASDAQ: TSLA) went up by almost 18% on Thursday after the release of a constructive third-quarter financial report, which met financial analysts’ predictions. The great leap in the company’s margin from 16.8%, expected to be 16.8%, to 19.8%, was the prime reason for this rally. This was their biggest intraday rally since April, as well as the second largest since March 2021.

Traders were impressed with Tesla’s better guidance, which projected 20% to 30% more deliveries by 2025. The strong income and margin recovery confirmed the value of the core car business and consequently relieved the difficulties they had with slow deliveries and weakening demand in China earlier this year.

The positive projections for deliveries also impacted positively on investor confidence. However, some analysts remain cautious despite a strong quarter.

Tesla has not yet properly answered questions about its Full Self-Driving technology, the timeline for new model releases, or the production of Optimus, its ambitious humanoid robot project. Such factors might lead to future performance being lower, although at present the steady financials of Tesla have given a boost to investors’ hopes.

Tesla Stock Chart Analysis

TSLA/USD 15-Minute Chart

While Tesla’s (TSLA) performance is being studied, a graph demonstrates a rally where the stock rose from as low as $212.11 on October 23 to as high as $262.10 on October 25. This almost 24% bounce in a few days indicates that investors are optimistic about Tesla, which is doing better than expected in Q3.

The stock experienced a fast increase after Tesla said their gross margin was at 19.8%, surpassing the expected 16.8%, which stimulated a rekindling of confidence in the stock. Because of that, Tesla broke through the levels of resistance at $250 and headed higher. Right now, we see the stock without any drastic changes at approximately $260.54, just short of its intraday high of $262.10.

Tesla (TSLA) Eyes Further Gains

In the upcoming time, we will look out for whether Tesla could make further gains or if it will struggle around the $262 level. In case it keeps going upward, we can expect a $270 level making resistance. However, it’s really important to be prudent, as questions about Tesla’s Full Self-Driving technology and new product launches remain a concern.

For the present time, the market’s positive reaction to Tesla’s strong earnings and margin recovery has provided a boost and we’ll be keeping an eye on any pullbacks or consolidations after this sharp rise. As always, we have information that cannot be overlooked, and the situation calls for extreme caution.

If you are keeping an eye on Tesla (TSLA), then pay attention to the $262 resistance level. A rise above may signal a continuation of the momentum and with the price down, this might be a new buying point. Be quick to note changes in order to decide if the time is right for you!

The post Tesla (TSLA) Stocks Up 18% After Strong Earnings appeared first on FinanceBrokerage.