Tesla drops despite positive pressures - Analysis - 27-04-2017

Economies.com
2017-04-27 12:45PM UTC

Tesla Motors' stock (TSLA) fell in the intraday levels, recording a loss of 1.15% in the last session, or 3.62 points, amid ongoing positive support from the SMA for the last 50 days period, with a positive divergence forming in the Stochastic indicator as shown below the attached chart, coupled with the dominance of the upward short-term trend, as the stock trades within the third and final wave of that forming harmonic pattern, the AB=CD pattern as shown in the attached chart, in an attempt to gather momentum to help it rise again. 

 

Therefore we expect the stock to return higher in the coming trading, as long as the support of 287.39 holds on, targeting and readying to tackle the resistance of 317.46. 

Stocks Technical Analysis

United States Analysis

Stocks

CVS price climbs cautiously - Forecast today - 28-03-2024
2024-03-28 11:18AM UTC
CVS Health Corporation Stock Analysis CVS Health Corporation’s stock price edged up in the ...
United States Analysis

Stocks

eBay price starts recovering - Forecast today - 28-03-2024
2024-03-28 11:17AM UTC
eBay Stock Analysis eBay’s stock price rose in the intraday levels amid the dominance of the ...
United States Analysis

Stocks

Taiwan Semiconductor price seeks a bottom to boost it higher - 28-03-2024
2024-03-28 11:17AM UTC
Taiwan Semiconductor Stock Analysis Taiwan Semiconductor’s stock price (TSM) fell in the ...