Stellantis N.V. (NYSE: NYSE:STLA ) has announced temporary shutdowns at its Canada and Mexico plants in response to new U.S auto tariffs. These actions come shortly after the U.S. government imposed a 25% tariff on imported vehicles. The automaker will pause operations at its Windsor Assembly Plant in Canada for the weeks of April 7th and April 14th. Production is scheduled to resume the week of April 21. Meanwhile, its Toluca Assembly Plant in Mexico will stop vehicle production for the entire month of April. Despite the shutdown, employees in Toluca will continue to report to work and receive their salaries. However, the production halt has triggered ripple effects in the U.S. Tariffs Prompt Job Cuts Across Five U.S. Plants The shutdowns will result in temporary layoffs at five Stellantis facilities in the U.S, affecting about 900 workers. The impacted plants include Warren Stamping, Sterling Stamping, Indiana Transmission, Kokomo Transmission and Kokomo Casting. Stellantis stated it would monitor market conditions and make further decisions if necessary. In an internal memo, COO Antonio Filosa explained that these changes are necessary due to the evolving trade policies. He assured workers that the company remains in close contact with government leaders, suppliers, unions and dealers. The job cuts come after President Trump implemented auto tariffs aimed at promoting domestic manufacturing. The administration expanded the baseline tariff on all imports to 10%, with a specific 25% hike on auto imports. Canada has since matched the U.S move by placing reciprocal tariffs on American vehicles. Local union president Romaine McKinney III called the layoffs “pure devastation.” These developments contradict previous promises to boost job creation within the U.S. Following the announcement, Stellantis stock fell 9.3% on April 3. Other automakers, including GM, Ford and Tesla also experienced similar declines. As of 4th April, STLA closed at $9.72, down 4.80% for the day. The stock has dropped sharply recently, from a 52-week high of $27.56 to the current price. Technical Analysis: Price approaching Critical Long-Term Support Looking at the overall trend of the stock, it has been making new higher highs and higher lows. But since hitting the 52-week high at 27.56, the price has been retracing and is close to the previous market structure low. Close to the low, a key ascending trendline around $8 has held for several years. The price looks ready to retest the key support trendline for the third time and potentially reverse. This is a key level to watch. A clean break below this point could trigger a further downtrend. However, if the price gets support at this level, it will rally towards a new high, potentially above $30. However, immediate resistance is seen at $12.5. An uptrend structure remains intact as long as the stock holds above the long-term trendline.
Replete with opportunity to 10x or even 100x capital.
XAUUSD has been made a correction on last Friday. Next week it would be a consolidation and bullish continuation to reach 3200 price level. Good Luck !
I'm taking a short position on #ZROUSDT after a Break of Structure (BOS) confirmed a shift in market direction, following a Change of Character (Choch). Price retraced into the 15-minute Fair Value Gap (FVG) and tapped into the premium zone near the 0.5–0.618 Fibonacci level, offering a good entry for a short setup. Entry: Around 2.98 Stop Loss: Above 3.07 Target: 2.88 - 2.8 - 2.67 Risk/Reward Ratio: 1:3.4 Waiting for follow-through to the downside. Trade safe and always manage your risk.
As you can see from weekly chart price action making higher lows and weekly rsi making lower lows we have bullish hidden divergence setup on dogecoin have fun trading. I expect price to move fast once move actually starts
Bitcoin has not yet completed its ascending channel, with the possibility that inflation and unemployment will increase under Trump's economic policy. Bitcoin price may reach 130k and 200k, but if Trump's economic surgery really works, it will fall to 60k. I am not optimistic about Trump's economic policy. The chart below is drawn with a Gann box.
If you have any illusions this will be a buy-the-dip market, you are taking on a major risk! 1. Last time QQQ sold off it lost 84% 2. It took 17 years to break even 3. It took much longer to break even inflation-adjusted You can't buy low if you don't sell first. You don't have infinite money. WARNING!
ZECUSD was trending in uptrend and broke the support and it become its resistance. expecting to reach 30. let us see.
MartyBoots here , I have been trading for 17 years and sharing my thoughts on COINBASE:BTCUSD here. . BTC is very interesting chart for now that it has dipped 30% and trying to find support. Do not miss out on BTC at the important levels as this will be a great opportunity Watch video for more details
I'm a noob in these markets so take what I say with a grain of salt. I personally think it's a good idea but look at the one hour for the euro we had a pinball candle I think that's what there called but when that happens it tells us sellers couldn't hold there ground hense the green candle on the hourly. Therefore I believe the trend will continue. Hopefully I'm right, I have a lot of data backing me up with the bullish continuation. Happy trading everyone