Chart Master: How to navigate Tesla gains

Core Viewpoint - The stock has experienced a significant increase of 13% since Monday, with a bullish sentiment among institutional clients, as indicated by a poll showing 69% bullish outlook [1]. Group 1: Stock Performance - The stock was trading at approximately $330 and has risen to $395, marking an increase of nearly 20% from the initial point [1][2]. - The stock has broken out from a wedge formation, which is typically seen as a bullish signal, suggesting potential for further upward movement [2]. Group 2: Market Sentiment and Strategy - There is a growing interest in the stock as it has moved out of a dormant phase, leading to increased buying activity [3]. - Given the substantial rise in stock price, it is suggested that investors consider selling calls or hedging their positions to manage risk [3].