After spending nearly three months coiling into a tightening pennant formation, Tesla Inc. (NASDAQ: TSLA) has finally made its move and is decisive. Shares have popped 12% in the past three sessions, breaking above the upper trendline that had been capping upside momentum since late May.
The market has been waiting for Tesla to tip its hand, and this week’s breakout has made the call: momentum is firmly back with the bulls.
