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Is Tesla Poised for a Breakout?

Shares of Tesla (TSLA) have been stuck in a very narrow range for the last four weeks. This consolidation pattern is holding above a key support zone as daily volume has completely dried up. Today the stock appears to be perking up and may be on the verge of an upside breakout.

Ahead of what could be positive news from the company, Tesla remains in a fairly low risk buy zone and is setting up well for more upside.

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