TSLA – Tesla Motors

Well Rascal, you had asked what is up with TSLA since its P&F charts showed a $400+ price target. The 2 Fibonacci Extension Tools I placed on this 20 year monthly candlestick chart support a measured move to the upside to the $300 area, and a probable move to the $400 area this year.

From there and breaking new highs, could TSLA rally on higher? Over a multi-year rally TSLA could go on to see its Golden Ratio of the previous uptrend, the black 161.8% Target Line which is much higher than the P&F Target Price. The Golden Ratio is $571. Again, I would anticipate that to be a multi-year rally.