January 14, 2015

TESLA Death Cross and Support zone

 
  • TESLA Daily chart shows a Death Cross. Although Death cross is a bearish event it happens after the stock has fallen a lot. Now price is nearing a crucial support zone between 192 - 194. Weekly chart also shows price testing the Weekly Ichimoku cloud. This is an area from were a long trade is possible.
  • Bigger weakness for Tesla if week starts to close below the cloud.



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