Tesla, Amazon and Microsoft Hold Gains at Key Technical Levels
Published: 2026-08-26
Tesla, Amazon and Microsoft Hold Gains at Key Technical Levels Christopher Lewis Mon, August 24, 2026 at 9:11 AM EDT 3 min read TSLA AMZN TSLA Technical Analysis Tesla trades at $362.86 near the 50-day EMA, approaching the gap fill at $369 with the 200-day EMA overhead near $383. Source: TradingView Tesla is pretty quiet in pre-market trading, down just a touch, but this is a market that had seen a big surge higher on Friday and has basically filled the gap from the previous earnings call that spooked everybody with the cap ex numbers. But quite frankly, spending more in capital expenditure is a longer-term growth strategy, and it looks like the market's starting to think about that. The 200-day EMA sits at the $383.18 level. That'll be an area worth watching. We are getting fairly close to that gap opening, which was at $369, so interesting chart. AMZN Technical Analysis Amazon trades at $258.63 near the 50-day EMA, bouncing from the 50% Fibonacci level with the 0.382 retracement at $264 overhead. Source: TradingView The market for Amazon looks like it is slightly positive in early trading as we bounce from the 50% Fibonacci retracement level. The 50-day EMA sits just below there, and that could offer a little bit of technical support as well. We had gapped higher during the last earnings report, but we've had concerns with some economic numbers about the health of the US consumer. Whether or not that remains a thing, we'll just have to wait and see. Obviously, Amazon is a h…
Originally sourced from Yahoo