If we get a retracement down into the $150 region within this year, we have over an 80% chance of a retracement plus extension to $320 region around 3rd quarter next year (2015).
Currently there's a decent short available with final target at $150 and stop loss at $250, a 3-to-1 risk reward setup. Once TSLA reaches the $150 area, drop all short positions and go long with final target at $320 and stop loss at $110, a 4.25-to-1 risk reward setup.
I think this is the highest probable outcome one can predict for TSLA based on chart analysis, at this time. There might be other speculations, and they may have a slimmer chance of coming true, but this prediction I have drawn here, has the highest probability of coming true.
Currently there's a decent short available with final target at $150 and stop loss at $250, a 3-to-1 risk reward setup. Once TSLA reaches the $150 area, drop all short positions and go long with final target at $320 and stop loss at $110, a 4.25-to-1 risk reward setup.
I think this is the highest probable outcome one can predict for TSLA based on chart analysis, at this time. There might be other speculations, and they may have a slimmer chance of coming true, but this prediction I have drawn here, has the highest probability of coming true.