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.

APPLE Month resistance line

  • Apple Month candles are pausing at the resistance line.
  • Crucial weekly support zone is between 163 - 166 Bigger weakness only if price closes the week below this zone.
  • Daily will continue to remain weak below 20 Day sma.