Tesla ends lower - Analysis - 22-06-2018

Tesla's stock (TSLA) fell in the intraday levels, recording a loss of 4.06% in the last session, or 14.71 points, as the stock tries to gather momentum to help it rise anew, while venting off overbought saturation in the RSI, while the stock exits a descending correctional price channel that limited recent short-term trading, with positive pressure from the 50-day SMA.

Therefore we expect the stock to return higher, provided the support of 331.85 holds on, targeting the resistance of 389.61.