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.
Vietnamese electric vehicle maker VinFast Auto Ltd (NASDAQ:VFS) shares continue to rally today after a 40% gain on Friday.
Last week's rally shot up VinFast's valuation to about $160 billion.
Ever since the company debuted on Wall Street this month, it has been gaining in valuation to become the third-most valuable automaker after only Tesla Inc (NASDAQ:TSLA) and Toyota Motor Corp (NYSE:TM), reported Reuters.
The stock is poised to further add nearly $50 billion in market capitalization, according to its performance today.
That said, due to a small availability of publicly traded shares, the stock has shown extreme volatility.
VinFast's founder and Vietnam's richest man, Pham Nhat Vuong, reportedly holds over 99% stake in the company.
Price Action: VFS shares are trading higher by 20.3% at $82.75 on the last check Monday.
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.
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!