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TSLA, AMZN and META Forecast – Stocks a Bit Lackluster in Premarket Trading
Published: Feb 20, 2025, 13:41 GMT+00:00
The three stocks in this report, Tesla, Amazon, and Meta, all look a bit lackluster in the premarket trading.
TSLA Technical Analysis
The Tesla market looks like it’s going to open a little bit higher on Thursday, but we are still in this area where we have to determine whether or not the pullback is going to offer value. We had pulled back to roughly the 61.8% Fibonacci retracement level, but now we have the 50-day EMA above offering a little bit of resistance. If we can break above that 50-day EMA, then it is possible that the market could go looking to the $400 level, possibly even as high as $420.
AMZN Technical Analysis
Amazon has pulled back initially during pre-market trading, but it is starting to come back a little bit. It’s interesting that we find ourselves right here at the 50-day EMA after a slightly better than expected call the for earnings and revenue. It’s interesting that we are here right around the $225 level because this is where the previous bullish flag had formed. So now it’ll be a question of whether or not this holds that support. If the market breaks above the $230 level, then I suspect Amazon will be ready to continue its long running uptrend here.
META Technical Analysis
And finally, Meta looks like it’s going to open up slightly lower, but let’s be honest here, Meta got a little ahead of its skis for a while, so I think a bit of a pullback probably offers value that people will be willing to take advantage of. Even if we break down from here, it’s possible that the 50-day EMA gets targeted near the $655 level, but really at this point, I don’t expect to see that kind of sell-off. I think all you’re seeing is a little bit of a correction after an impulsive move higher. I still believe that Meta goes higher, and I still believe that it’s bullish.
About the Author
Christopher Lewisauthor
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
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