After weeks of buildup inside a narrowing pennant formation, Tesla Inc. (NASDAQ: TSLA) finally snapped higher earlier this month. The stock surged 12% in three sessions, breaking decisively above the upper trendline that had been capping momentum since late May. For those of us on the sidelines, it’s worth sitting up and taking note.
This kind of technical setup often sets the stage for a fresh leg higher, and the early signs suggest the bulls are still firmly in control.
