December 16, 2013

TESLA Resistance levels

  • Daily candle at 50 Day SMA looks like a bearish pin bar. This is a powerful reversal pattern But need confirmation with a lower opening and a bearish close with High volume increase. So price sustaining or closing below 145 levels may give a bigger correction
  • Weekly chart is yet to show weakness and has immediate resistance levels at 20 Week SMA and 23.6% Fib level as shown in chart two and three respectively. 
  • Weekly close above 20 Week SMA will extend the current up move. Bears need a weekly close below 145 levels.
  • IWM Bullish Channel Update
  • GROUPON Weekend update

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