October 13, 2013

TESLA Support and Resistance levels

  • Falling resistance line and 20 day sma are immediate resistance levels. Daily close above these levels should lead to an up move.
  • Crucial support is at 50 Day SMA. Recent dip below this level did not last long. Daily candle managed to close above 50 SMA. Weakness for tesla only on closing below 50 Day SMA.
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