June 12, 2014
- Facebook moves above the resistance zone at 64 levels and is trying to stay above the cloud.
- For now price is testing the Golden ratio. Once bulls closes above golden ratio a bigger up move is possible. Weakness only if price falls back below 64 levels again.
- TESLA Motors Chart analysis
- 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.