GOOGL, META and TSLA Forecast – Major Stocks Looking to Bounce?

GOOGL Technical Analysis

Google looks as if it is trying to open up about where it closed during the previous session after a stellar earnings call that had a gap higher and then slam lower. The question is, do we have to continue to go a little lower? And I think when you look at the chart, it wouldn’t be a huge surprise. We are in the midst of a gap that has yet to be completely filled, but there’s obviously a lot of downward pressure there. If we pull back at this point in time, I would anticipate that the $185 level could offer significant support. I certainly wouldn’t want to short Google at this point, but I recognize that maybe we are just a little overextended.

META Technical Analysis

Meta rallied a bit during the previous session but gave back all of those gains here on Friday. It looks like we’re trying to find our way to the upside. We’ll just have to wait and see how that plays out. The market is breaking out of a downtrending channel in the confines of a much larger move to the upside. I do believe that this is a market that will continue to see a lot of interest. And I think the $700 level remains crucial. As long as we can stay above there, I think you have a real shot of going higher over the longer term, perhaps revisiting the highs near the $745 level.

TSLA Technical Analysis

Tesla looks as if it is trying to rally a bit at the moment in pre-market trading, fighting back against that massive sell-off after earnings came out a little lackluster, but quite frankly, that’s been the pattern here. We’ll get these vicious selloffs and then people come in and buy them back up. The $300 region, roughly, is where we see a lot of support down to the $292 level. It does look like there’s a little bit of resistance at $333, but ultimately, the ceiling at this point is $365. Ultimately, this is a market that remains buy on the dip despite the fact that it lost over 80 % during the previous session. It’s oversold, so it might be good for a quick bounce.

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