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.
In a surprising development, Foxconn (OTC:FXCOF) founder Terry Gou has withdrawn his candidacy from the Taiwan presidential race due to a division among opposition parties.
What Happened: Reuters reported that Taiwan’s opposition parties, which advocate for closer ties with China, registered separate presidential candidates on Friday, creating a potential advantage for the ruling party that has been resisting Beijing’s influence. The opposition parties, Kuomintang (KMT) and Taiwan People’s Party (TPP), both campaigning for enhanced relations with China, were unsuccessful in establishing a unified presidential ticket.
See Also: WHO Questions China Over Surge In Respiratory Illnesses
Negotiations between KMT and TPP, facilitated by Gou, were abandoned late Thursday. Gou, who was an independent candidate, confirmed his withdrawal three hours before the registration deadline.
With the opposition divided, the Democratic Progressive Party (DPP) continues its election campaign, with its candidate, Vice President Lai Ching-te, leading in the polls.
Why It Matters: This development comes on the heels of recent scrutiny faced by Foxconn, a significant supplier for Apple Inc. (NASDAQ:AAPL), by Chinese authorities over tax and land use following Gou’s announcement to run for the presidency. The company was also recently penalized by Chinese tax regulators for overstating expenses, amid an exploratory investigation into its operations.
Read Next: Tencent’s Business Is Thriving And It Has Taken Precautions Against The U.S. Chip Export Curbs
Photo by Tada Images on Shutterstock
Engineered by Benzinga Neuro, Edited by Pooja Rajkumari
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.
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!