For TSLA, the rising wedge pattern dates back just a couple of months, building off a 40% pullback late last year. Tesla (NASDAQ:TSLA) is looking to breakout above resistance. It gapped above the trendline after reporting earnings Thursday morning and has since pulled back to the line and held. A rising wedge pattern is estimated to resolve to the downside about 66% of the time. TSLA is flirting with bucking that trend.
Facebook (NASDAQ:FB) is facing trendline resistance that dates back to late 2012. FB has also developed a "rising wedge" pattern and is challenging the upper boundary.