Tightly Coiled Bull Pennant Forming in EV Leader Near Inflection Point
Tesla (TSLA) shares are hitting the Ready to Run scan for the first time in recent memory as prices have remained above the 55-day MA the past several weeks after clearing above it last month on the large gap higher and since then held the key 170-175 zone on several tests. TSLA has formed a tightly coiled Bollinger band squeeze pattern inside its value area and is poised to make a big move into the next few weeks with its shareholder meeting coming next week on 6/13 is widely expected to have the Musk pay package approved which could help the stock resolve higher and surge through the 185 YTD VWAP resistance on the way to 200.