AAPL, MSFT, and ORCL Forecasts – Earnings Guidance & Gaps Drive Big Tech Moves

AAPL Technical Analysis

Apple is getting crushed in pre-market trading as they have guided down despite the fact that we had decent earnings. That being said, it’ll be interesting to see how this plays out after a couple of days and whether or not it will offer a buying opportunity. This massive drop should be interesting to watch. It’s right around the 50-day EMA as I record this, so this might be something to keep on the radar. As far as trading today is concerned, it would be a dangerous market.

MSFT Technical Analysis

Microsoft looks like it’s going to keep the gains that it made yesterday after the massive earnings beat, and Microsoft looks like one of the strongest stocks that popped up on my radar this morning. The $460 level is a significant resistance barrier, and it is an area that has been important a couple of times. So we’ll see if that holds out. Pullbacks at this point in time would suggest value based on the action that we have seen over the last couple of sessions.

ORCL Technical Analysis

Oracle looks like it is trying to start some type of bottoming pattern. Oracle has been screaming lower for quite some time in a steady grind, but at this point, a market that gapped during the previous session and now looks like it’s going to gap slightly on this one is a good sign.

Perhaps the worst of the downtrend line and downtrend action is over. This is a market that continues to see some volatility, but after the massive beating that it had taken and the fact that it retested a swing low from April could have value hunters looking to get involved in owning Oracle, at least for the short term.

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