Tesla tries to vent off overbought saturation - Analysis - 18-08-2017

Tesla's stock (TSLA) fell in the intraday levels, recording a hefty loss of 3.03% in the last session, or 10.99 points, as the stock vents off overbought saturation in relative power indicators, amid positive support from the 50-day SMA, with the dominance of the main upward short-term trend. 

Therefore we expect the stock to return higher, targeting the resistance of 386.69, as long as the support of 347.50 holds on.