October 3, 2017

TESLA Inc Technical Analysis

  • First chart with the rising support line gives hope for Tesla bulls for a reversal.
  • But the Second chart is not that exciting as price is staying below 100 SMA for now. Tesla bulls need to do more to close back above this crucial moving average to confirm strength.
  • The Month chart also looks Weak with the two long upper shadows of June and September month candles. If price manage to close above 100 SMA a short term up move is likely, After this the Month weakness may resume..

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