TSLA Daily Analysis 11/19/2013

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Some pullback into the KC, as expected (see yesterday's analysis). In the next few days, I expect the correction to continue. I expect to see some green bars (+/- some red bars) until we are back into the KC. As noted previously, any deviation from the KC is associated with extremes on RSI . As we are at oversold territory on RSI , I expect some short term bullish reversals. Overall, the medium term bearish sentiment is still unchanged.

See yesterday's analysis:

No position. Observation only.
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