Tesla driven lower by current resistance - Analysis - 29-09-2021

Tesla's stock (TSLA) fell in the intraday levels after the important resistance of 779.50 held on, while gathering momentum to help it pierce that resistance, as it also vented off overbought saturation in the RSI, while trading alongside the upward short-term trend line, supported by moving above the 50-day SMA.

Therefore we expect the stock to return higher, targeting the first resistance at 847.00, provided the resistance of 779.50 was breached. 

Expected trend for today: Bullish