With all the hoopla leading up to Tesla’s introduction yesterday of the mass-market Model 3, the stock has been conspicuously unable to push past any prior peaks on the weekly chart.  The rally from mid-February’s $141 low to last week’s $240 high amounted to a 71% run-up. However, bulls will need to do a little better, exceeding early January’s 243.63 peak, to suggest the stock is back in bullish gear following a prolonged sideways scuddle that began more than two years ago.  Were the stock to break out, exceeding not only 243.63, but also last September’s 271.57 peak, bulls would have a shot at D=316.37 by summer. ________ UPDATE (April 3, 9:54 p.m. ET): TSLA opened on a short-squeeze gap to 247.90, implying it is bound for at least 254.23 over the near term. On the 15-minute chart, that is the ‘D’ target of a pattern begun on March 10 at 200.67.  Traders had a chance on Friday to get long with a ‘mechanical’ bid at p=234.63, stop 228.09, for a shot at 254.23. ________ UPDATE (April 5, 2016): TSLA’s flurry of quasi-excitement died $2 shy of the $254.23 target, but not before buyers had refreshed the bullish impulsiveness of the hourly chart by exceeding an ‘external’ peak at 249.84 recorded back in October. Use A=233.25 from April 1 to buy the stock ‘counterintuitively’ if a proper set-up evolves. ________ UPDATE (April 5, 11:14 p.m.):  The talented scumballs who manipulate this stock for a living goosed it into a 17-point spasm after trapping bears on the opening bar with a gap-down print at 240 (!) There was a report in the chat room from a subscriber who took the ‘counterintuitive’ trade recommended above and did well with it, but because he apparently was the only one to make hay, I am not establishing a tracking position. _______ UPDATE (April 7, 10:54 p.m.): Bulls may have gotten sandbagged at Thursday’s fleeting high, but they’ll be back. As much could be inferred from TSLA’s thrust past an external peak  at 266.92 recorded last September. This created a true impulse leg that will remain viable and presumably usable as long as the correction doesn’t exceed 215.00 (!) to the downside.