Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Tesla's stock (TSLA) fell in the intraday levels, recording a loss of 2.24% in the last session, or 8.13 points, as traders collect recent profits, while the stock gathers momentum to help it rise anew, 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.