Market Intelligence

Ranges…

Author: Aleksandar Adamovic ● August 10, 2018

As we outlined yesterday, Tesla has been stuck in a strong range for almost two years.

Tweets or not the stock continues trading inside this range.

While one asset remains trading within the range (Tesla), another well commented asset over past 24 hours, the Ruble, continues the break out move.

The move has been rather violent, but if put into some perspective this move is nothing compared last time the Ruble started moving. It definitely looks like a Helsinki hangover for the Ruble.

Source: charts by Bloomberg

 

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