AMZN, AAPL and GOOG Forecast – Major Tech Stocks in the US Likely to Rally

AMZN Technical Analysis

Amazon looks as if it is going to do everything it can to bounce around the open on Thursday after forming a massive hammer on Wednesday that touched the 200-day EMA. Volume is starting to pick up a bit, so that is interesting, and the market will continue to show the overall upward trajectory that has been seen for a while. There seems to be enough value offered, and a lot of this will come down to the overall attitude of market participants, not just the reasoning behind Amazon but the market itself. Amazon is a major holder in a lot of passive income strategies, so there is a significant amount of support here.

AAPL Technical Analysis

Apple looks like it is trying to climb a bit in premarket trading. It will be interesting to see if it can rally from here, perhaps going to the $275 level again. Apple had been noisy but basically sideways over the last couple of weeks since its earnings call, and at this point, it is somewhat elevated. It will be interesting to see whether or not it can hang on, because if it does not, then the next major support level is likely at the $260 level, where the 50-day EMA currently resides.

GOOG Technical Analysis

Google looks like it is ready to launch as it continues to celebrate the Gemini 3.0 release. Short-term pullbacks should be buying opportunities, and it is worth noting that it looks like we are going to open right around the $300 level, which will have a certain amount of psychology attached to it. Google has been extraordinarily strong for some time, but the Gemini 3.0 boost seems to be exactly what the stock needed to continue its overall upward movement. There is no interest in shorting this market, and short-term pullbacks continue to offer value that many will be interested in owning. Part of this strength could be due to Nvidia beating earnings, suggesting that the AI race is still very strong, creating a knock-on effect in Google itself.

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