December 30, 2016

TESLA Bearish price action

  • Daily chart shows price moving below 200 Day SMA. Closing the daily below 200 SMA will strengthen bears further.
  • Weekly chart likely to give a big upper shadow if closes at the current levels or lower. Bulls badly need to close the week higher to avoid such a scenario. 
  • Hour chart shows price violating the trend line from 182 levels.
  • Bulls need to do more here to keep the up move from 180 levels intact If not weakness is getting confirmed at 200 SMA.
  • CRUDE Oil support and resistance levels

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