Tesla amid positive outlook - Analysis - 15-11-2018

Tesla's stock was buoyed by a positive pattern that formed in the short term, the Falling Wedge pattern, while the RSI reached oversold levels compared to the stock's movements, thus marking a fresh profit of 1.56%, or 5.27 points, with positive support from the 50-day SMA. 

Therefore we expect more gains for the stock, targeting the resistance of 387.46, as long as the support of 326.67 holds on. 

Expected trend for the stock: Bullish