January 15, 2014

TESLA Motors chart analysis

  • Tesla Weekly chart shows price violating 20 Week SMA. Bulls need a weekly close above Middle bollinger band to further gain strength.
  • Daily chart shows price closing above the falling resistance line and the 100 Day SMA. Sustaining above these two levels will favor bulls of TESLA.
  • Last chart shows potential resistance in Golden ratio. Bulls need to takeout this level to extend gains.

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