Tesla gathers positive momentum - Analysis - 07-08-2020

Tesla's stock inched up 0.04% with trading in a tight range, amid attempts to seek a bottom to bolster it higher, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI. 

Therefore we expect the stock to rise and target the record resistance of 1,790, provided the support of 1,419 holds on. 

Expected trend for today: Bullish