February 17, 2017

TESLA Top Down Analysis

  • Tesla month candle shows weakness at the top of the range.
  • Weekly candle is showing a large upper shadow, Price if closes at the current levels or lower will form a good bearish candle. Any rally in favour of bulls today will spoil this pattern for bears.
  • Daily chart is shown with 20 day SMA support line. Bigger weakness for the stock only closing below this line.

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