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Can Tesla Drive Away to $360?

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Tesla (TSLA) has been a real battleground stock lately. Last week it had a big day on volume, clearing $301 and then the $310 area.

On Monday morning, I said “f it holds the $317 area, volume could come in to clear last week’s high.”

Well, volume came in and it hit $354.66. Wow!

It could use a few days off. But if it can flag above the $338 area and let the moving averages catch up, maybe it can take out $360.

Facebook (FB) had a lot of news about privacy/data issues last week. It had a Red Dog Reversal around the 21 day on Friday. It got a nice push in the past few sessions. If it can hold the $192 area, perhaps it clears the $195 area.

Tech was at new highs and then sold down a bit after the Fed with a small topping tail.

QQQ hit a high of $177.14. We’ll see if we get more follow-down selling. As long as it holds the 8 day, it can stay special.

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