July 20, 2013

TESLA Motors Weekend update

  • Tesla daily chart shows bulls getting support at the rising support line.
  • Price managed to close back above 20 Day SMA after taking support near 50 Day SMA. For next week Weakness on price trading below 20 Day SMA 
  • In spite of the up move or bounce the weekly chart shows a bearish engulfing pattern which will be effective on price trading below 114.9 levels.

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