Tesla ends lower - Analysis - 20-07-2017

Tesla's stock (TSLA) fell in the intraday levels, recording a loss of 0.91% in the last session, or 2.98 points, amid negative pressure from the 50-day SMA, while getting hurt by exiting an ascending price channel that limited recent trading, settling back below the resistance of 327.09. 

Therefore we expect more losses for the stock, targeting the pivotal support of 290.76, as long as the resistance of 327.09 holds on.