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Benzinga
Benzinga
Business
Melanie Schaffer

Why Tesla Stock Could Be Headed For Blue Sky Run If This Key Pattern Forms

Tesla Inc. Nasdaq Cathie Wood Elon Musk

Tesla, Inc (NASDAQ:TSLA) opened the trading session slightly lower on Wednesday in consolidation after soaring over 10% between Monday and Tuesday. The move higher was caused by the stock breaking up bullishly from an inside bar pattern, which Benzinga called out on March 25.

A longer period of consolidation would be healthy for Tesla, which has soared 47% between March 15 and Tuesday to reach a high of $1,114.77.

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