Tesla Motors ($TSLA) run seems to have peak. On the Ichimoku chart, it shows that $TSLA has retrace from the peak of around $260 and is now trading within the kumo. Support level is expected at $193.94 while resistance is at around $218.79 The leading kumo has twisted suggesting that a change in trend… Continue reading $TSLA . Change in trend
$TSLA has climb steadily upwards since its IPO. Currently, it has cleared the Resistance from the Chikou Span at around $193 . I believe it will be ready to move beyond $200 soon. After all, $TSLA has not start its international expansion
Compare to the rest of the market, BMC chart has been holding up very well. Currently, /ES may be breaking its kumo support soon.Â However, we can see that BMC is trading at around $40 (above the kumo) and still in bullish territories. There is a pretty good kumo support at around $38. Earnings is on… Continue reading $BMC . Holding up well. Watch for entry.