- Tesla motors daily chart shows immediate support at 20 Day SMA and 38.2% Fib level.
- Daily cloud is acting as stiff resistance as shown in chart 3. For bigger up moves to happen price must breakout above the cloud. Daily chart looks like its trying to put up a bottom in place just above the 200 Day SMA. Bigger weakness only if the 200 SMA is taken out on closing basis.
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