Achimoko Cloud Stay High on Tesla Stocks

Tesla (TSLA) stock fell 12 percent this week - its second-worst weekly performance in a year. But it does manage to settle above the significant value area seen by traders. Even if the price falls, a relatively vague technical indication indicates that Tesla is maintaining its long-term bullish trend.

"For Tesla, the trend is more in terms of the area shaded on this cloud or chart," said Katie Stockton, founder and managing partner of Fairland Strategies, during the Yahoo Finance Plus on Wednesday. She is referring to a component of the Ichimoku Cloud Indicator, which is used below to help determine potential support and resistance in the weekly candlestick chart.

The Achimoko cloud consists of two rows, the period A known and the period B, which are then shaded. Most traders focus on two cloud lines, although the indicator has a total of six components that were developed by Gucci Hosoda in the 1960s through tireless, manual backtesting.

"It's not really a black box, it's made in a way that's derived from mid-price points. So it's a bit more complicated to build. But a better picture." The signal is picked up from its window and placed on the chart. And its value is drawn, but then we can use it as a way to understand support and resistance. "

Stockton noted that the cloud's top secretion is well above current prices, and we should not expect Tesla to fall like a rock. "We don't really see it as a magnet, except that as it moves forward, it grows over time, and it shows that Tesla maintains its long-term growth."

Based on the chart, by the beginning of July, the cloud would have risen to its current price, which could have provided less than 500 500 support to the bottom of the cloud at that time. If the price goes down from there, the cloud will be seen as a potential resistance.

In the short term, Tesla needs to respect its 40-week moving average (purple in the chart), which closely tracks the 200-day moving average. There is another close level that Stockton wants to see honored by closing prices above two consecutive business days.

"There's a Fibonacci retracement around the level of 583 that we really want to see on a permanently closed basis. So here we are in this waiting and mood, let's get it back. But in the end, we We expect to be able to do that. It's a cloud-based support and guidance that is a long-term trend for Tesla.

Smuggling Gold from Dubai to India "by hiding gold in Teng" Failed

Indian Customs has foiled an attempt to smuggle gold from Dubai into packets of the popular drink 'Teng'.

According to Arab News, the Commissioner of Customs at Chennai Airport said in a statement that "after sifting the ingredients of the liquor, the customs officials discovered that it had been mixed with gold particles."

Authorities investigating the racket discovered that the recipient's address had been misused.

This is a new attempt by the smugglers to evade the heavy import duty on this precious metal by deceiving them in complex ways.

Earlier this year, authorities arrested two people at Chennai airport who were trying to smuggle gold under their wigs.

The couple was arrested after their bizarre hairstyles caught the attention of customs officials.

Two packets of gold paste weighing 700 grams were discovered from them.

27 more Palestinians martyred in Israeli bombing of Gaza

Gaza / Occupied Jerusalem: Israeli terrorism continues in Occupied Palestine, including Gaza, and 27 more Palestinians were martyred on Eid, bringing the number of martyrs to 83.

According to Al Jazeera, Israeli warplanes also fired missiles at residential buildings, including a six-story building in Gaza. As Palestinians left their homes for Eid prayers on Thursday morning, Zionist warplanes roared in the sky and ruthless terrorists targeted unarmed people with their missiles.

According to Palestinian officials in Gaza, 83 people have been killed so far, including 17 children, while 480 people have been injured, many of them in critical condition and the number of martyrs is expected to rise. In addition, thousands of people have been displaced by the destruction of homes and buildings.

Palestinian doctors in Gaza have said that poisonous gas is also suspected to have been used by Israel in last night's attacks. Samples have been obtained from the bodies of the martyrs, which are being examined. Despite this, hundreds of Palestinians in sighs and sobs offered Eid prayers on the grounds of Al-Aqsa Mosque.

In retaliation, Hamas fired rockets at Israel, killing six Jews. There is also intense tension between Muslims and Jews inside Israel and clashes have broken out in some places, after which the occupying forces cracked down and arrested 374 Palestinian Muslims, while dozens of police officers were injured in the clashes.

Israeli Prime Minister Netanyahu has signaled that he will call in troops to help police crack down on Palestinian protesters in the country. Netanyahu has also ordered the mobilization of Israeli forces on the Gaza border, which threatens to lead to another Israeli military offensive and bloodshed in Gaza.