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.
- Indonesia weighed earmarking 5 trillion rupiah ($320.41 million) from next year's budget to boost electric vehicle (EV) purchases.
- Last week, Industry Minister Agus Gumiwang Kartasasmita said buyers could gain a discount of 80 million rupiah for EVs made by firms with factories in the country and other incentives for hybrid cars and electric motorcycles, Reuters reports.
- The government plans to offer subsidies to sellers to cover the costs.
- The report cited Airlangga Hartarto, Indonesia's chief economics minister, who said at a news conference that authorities explored discounts per sale based on the budget allocation.
- The government also weighed subsidizing electric bus sales, he said.
- The report further quoted President Joko Widodo, saying, "We hope with these incentives, the electric motorcycle and electric car industry will grow."
- Indonesia targeted 20% of overall car sales in 2025 to be EVs, Airlangga said.
- Toyota Motor Corp (NYSE:TM), Mitsubishi Motors (OTC:MMTOF) (OTC:MMTOY), and Hyundai Motor Co, Ltd (OTC:HYMTF) announced planned investments in EV manufacturing in Indonesia.
- SGMW Motor Indonesia, part of a joint venture of SAIC Motor Corp Ltd, General Motors Co (NYSE:GM), and Wuling Motors Holdings Ltd (OTC:WLMTF), has an EV assembly facility in Indonesia.
- Indonesia also tried to coax U.S. firm Tesla Inc (NASDAQ:TSLA) to invest in producing EV batteries and cars.
- The report noted that Japanese brands currently dominate sales in the world's fourth most populous nation, with Toyota as the market leader.
- Price Action: TSLA shares traded higher by 1.34% at $139.63 in the premarket on the last check Wednesday.
- Photo Via Company
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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