- Gold one hour chart shows price trading in a range.
- 4 Hour chart shows the range within a larger channel
- One hour chart is near 200 Hour SMA, Price closing below this level may take price towards channel support line. A bigger breakdown on price breaking below the channel. Taking support here means price moving towards channel top again.
- TESLA MOTORS TREND UPDATE
July 17, 2013
- If the correction in daily chart continues price may target 16.09 which was the previous resistance level and 20 Day SMA.
- Closing the week at the current levels or lower will form a Bearish Engulfing pattern in weekly chart which is a strong reversal signal.
- S&P 500 ANALYSIS AFTER CLOSING BELL
- Bearish candle after 8 days of bullish candles.
- Line chart shows price turning down But the crucial support band of 1670 - 1672 is yet to break. Weakness only on price breaking below this level as shown in 15 Minutes chart.
- If price takes support at this level an up move towards the resistance line shown in second chart may happen.
- COCA COLA CHART ANALYSIS
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