So here we have TESLA stock, as you can see from our support line it has only hit this 3 times in a matter of month's which indicates a very high possibility that this will go long next week, if this breaks our support line i would feel this is going to be a shock to TESLA stocks and could go down further.
If anyone has any ideas please comment below.
Last post: September 3rd. See chart.
Review: Price was making new all-time highs after breaking out of resistance.
Update: Price is continuing to make new highs and still looks strong for long opportunities.
Conclusion: We will be looking for long opportunities when we see another breakout.
Any comments or questions, do not hesitate to leave them below. Give...
Bearish factors –
Bearish crossover between 5-DMA and 10-DMA
Bearish break in daily RSI from rising channel
Increased odds of Fed rate hike
Bullish factors –
Cable weakness &
The index is still above key support level of 6780
Inverted head and shoulder breakout target yet to be achieved
Thus, the overall trend remains bullish unless the index closes...
Daily chart chows –
Falling trend line has been breached, however,
RSI is close to being overbought, while money flow index is going nowhere
Hence, failure to take out 175.45 (March 8 high) could yield a pull back to falling trend line level of 165 and 160 (23.6% of July 2015 high – June 2016 low).
On a larger scheme of things, the stock appears on track to...
Fresnillo is down 3.61% today and is a top FTSE100 loser.
The daily chart shows –
• Double top breakdown
• Money flow index approaching oversold region for the first time since November 2015
• RSI is approaching oversold region for the first time since July 2015
Overall, prices appear on track to test 1500 levels (100-DMA), although a minor pull back once...
The daily money flow indicator suggests bulls need to observe caution. If we look back into history, each time the indicator neared 67-70 levels, there was a notable pullback in the index.
The view gains further credence when we consider the fact that FTSE100 is hovering around key resistance zone of 6850-6900.
If indeed the historical pattern unfold (which...