20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
- Chinese electric vehicle company BYD Co Ltd (OTC: BYDDF) (OTC: BYDDY) backed by billionaire investor Warren Bufffett has raised $1.8 billion in capital, Reuters reports.
- BYD sold 50 million shares for $HK273.5 - $279.5, implying a 5.8% - 7.8% discount on BYD's Friday closing price.
- BYD would use the funds to increase its working capital, pay down debt and invest in research and development.
- BYD made a CNY 1.27 billion ($198.54 million) net profit in the quarter ended September 30, down from CY 1.75 billion a year earlier.
- Price Action: BYDDF shares traded lower by 4.01% at $36.09 on the last check Friday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!