- Tesla weakness of this week was limited to the up trend line. price continues inside the ascending channel.
- Price closed below 20 Day SMA for one day and came back to close above it. Sustaining above 20 SMA the up move is likely to continue.
- Weekly chart is also showing a similar setup. Trend is yet to exhaust.Price dips towards 5 Week Low EMA is getting bought.
October 5, 2013
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