Tesla racks up modest gains - Analysis - 14-08-2018

Tesla's stock plumbed an intraday low at 349.02, bouncing off it higher and turning the losses into a 0.26% profit, or 0.92 points, amid the dominance of the upward short-term trend, with positive support from the 50-day SMA, countered with negative signals from the Relative Strength Index. 

Therefore we expect more gains for the stock, as long as the support of 325.50 holds on, targeting the pivotal resistance of 386.95.