I would get in TSLA now Hot and LongThe historical volatility is at all time highs, which makes sense with all the selling in the beginning of the year and now the recent upgrades and Model 3 being released to drive on March 31st. Article provided in this link , titled "Elon Musk previously said we'd only see part of the car at this month's unveiling. Apparently that's changed." Now, we are ramping back up vigorously. The volatility is higher than when we had a clean move upwards in the Directional Movement Index back in April of 2015. Now, we are experiencing that, but more intensely (the two long vertical lines show this instance).
The golden dashed green line is the general trend line of the overall lowest highs of this monstrous stock. Although we fell below it, it has help create an insightful Fibonacci trend line that shows an extraordinary upside to 311, my 2016 PT (price target). The predicted short-term price target lies on wave I in the Elliott Impulse Wave formation. There is a high probability that the price will land in this 240-245 range in 3 weeks; the beginning of April, because both Fibonacci retracements are converging here. Additionally, the golden dashed line is in conjunction with this price range.
The hot area is in early July (around III in the Elliott Impulse Wave Formation and R; the overall resistance), where we will see another high before we break out eventually to the high of the year of 311, which is at the end of the year and in the 5th most dominant wave of the Elliot Impulse Wave.
