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

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.