Cramer: Charts show why Tesla's stock could be set to rebound

Tesla's stock is working to get its groove back and there is an argument to be made that the share price could be ready to soar from its current levels, CNBC's Jim Cramer said.

The stock is down more than 14 percent in 2019, but about 13 percent higher than it was one year ago. "[That ceiling is] around $290, up about five bucks bucks from where the stock's currently trading," Cramer said."If Tesla can cross that threshold, Moreno is betting the stock will fill in the big gap from January and climb to the $340s ... nearly 20 percent up from where it's currently trading."According to Moreno, recent action in Tesla's short-term daily chart mirrors what's called a Morningstar pattern.

CNBC should team up w Slate

All of a sudden Jimbo is an expert in technical analysis. Fibonacci says ?

jimcramer This is beyond pathetic.

Also Cramer: Buy $LYFT

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