October 5, 2013

TESLA Trend update

  • Tesla weakness of this week was limited to the up trend line. price continues inside the ascending channel.
  • Price closed below 20 Day SMA for one day and came back to close above it. Sustaining above 20 SMA the up move is likely to continue.
  • Weekly chart is also showing  a similar setup. Trend is yet to exhaust.Price dips towards 5 Week Low EMA is getting bought.