Join The Community

Search

Tuesday, 17 June 2014

Tesla Motos $TSLA H1 and M15


General Overview for 17/06/2014:

There is a cleat impulsive bullish wave progression on hourly chart and more upside price targets are expected here. Currently the stock is in corrective decline after hitting 300% of wave 1 expansion.
Nevertheless, it is hard to say right now whether the current development is a part of some ABC pattern or it is a clear, new impulsive wave progression to the upside.

Support/Resistance:
235.00 - Wave 3 High
223.00 - Target for wave 4
215.00 - Technical Support

Trading Recommendations:
Buy the dips into 223.00 low.




0 comments:

Post a Comment

Note: only a member of this blog may post a comment.

 
Don't Forget To Join US Our Community
×
Widget