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.
- KeyBanc analyst Todd Fowler initiated TuSimple Holdings Inc (NASDAQ:TSP) with an Overweight rating and a price target of $50, implying an upside of 81%.
- Fowler believes fully autonomous capabilities represent a "must-have" technology for the for-hire trucking industry, given the potential to lower the cost to serve and improve asset utilization.
- Additionally, the analyst thinks the company's for-hire carrier model and its Autonomous Freight Network, combined with potential expansion outside of the U.S., broadens the addressable market.
- Lastly, Fowler mentions assuming commercialization is achieved around 2024/2025 and absent regulatory hurdles, minimal additional capital may be required to fund operations.
- Related Content: Nvidia Extends TuSimple Partnership For Autonomous Trucking; Showcases Omniverse Plans.
- TuSimple is an autonomous driving technology company. The San Diego, California-based company is developing a commercial-ready, fully autonomous (SAE Level 4) driving solution for long-haul heavy-duty trucks.
- Price Action: TSP shares are trading higher by 6.46% at $27.67 on the last check Tuesday.
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.
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