Tesla Is Ready To Squeeze The Bears Again

One of the biggest battleground stocks in the entire stock market, Tesla (Nasdaq:TSLA), rallied nearly $20/share today and might be on the verge of posting more gains over the next few trading sessions. TSLA currently has ~25% of its shares held short by bears on the stock. A breakout above trendline resistance near $340 could send many of these bears fleeing for cover (no pun intended, get it, "short covering"):

With support in the low $300s holding repeatedly and an imminent MACD bullish cross about to occur TSLA could be a coiled spring set to make another run at the $400/share level.