Tesla is poised for a breakout, according to the charts

Frank Cappelleri breaks down the charts on the Elon Musk carmaker.

Even the most polarizing stocks form classical chart patterns sometimes. This is one of those times for Tesla . Before we get into the charts, it's important to discuss the process of choosing to write about

popped up. I noticed the attractive setup first; it only was after that I realized what stock it was. Daily bullish pattern Let's start with the daily chart, since this is what first caught my eye. has underperformed in 2024 , but it also has been making higher lows since the start of 2023. That's a constructive development. But for things to really improve,

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