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$TSLA is leaving the fast lane #stocks #trendfollowing #technicalanalysis #markets

December 10, 2014

Tesla ($TSLA) daily

  • Bearish: Since September top, three lower highs and three lower lows.
  • Ichimoku cloud inflections (A) are reliable indications for upcoming stronger trends.
  • ‘A’ was visible already in “A'”; enough time to exit a delayed long trade or to initiate a short.
  • haOscillator is negative and weak.

 

$TSLA daily heikin-ashi and Ichimoku chart

Tesla ($TSLA) weekly

  • Bearish: Head-and-Shoulders during 2014.
  • Neckline (support) was broken.
  • Estimated price target based on H&S pattern? 235 – (287 – 205) = 153

 

$TSLA weekly heikin-ashi and Ichimoku chart

Tesla ($TSLA) monthly

  • The red arrow points to a failure to cross above 50 – a bearish indication.

 

$TSLA monthly heikin-ashi and Ichimoku chart

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