December 11, 2017

TESLA Above 200 Day SMA

  • TESLA Month chart shows Crucial support zone between 288 - 291. Current swing low was at 292 which was near this support zone. Long term structure of the stock will take a hit only if price closes the Month or Week below 288 levels.
  • For now though price has moved back above 200 SMA. Tesla bulls need to close above This moving average for bigger up moves to follow.
  • Getting resisted here will be negative for Daily time frame.

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