AMZN, AAPL and GOOG Forecast – Major US Stocks Look to Rise on Monday

AMZN Technical Analysis

Amazon looks like it is going to kick off the day to the upside as pre-market trading has been positive. We have been testing the 200-day EMA over the last couple of days, and really, at this point in time, I think some of what’s going on here is probably more to do with the overall market structure, not necessarily Amazon itself, as the indices look a little exhausted. We are heading into a very strange weekend.

Thanksgiving is on Thursday, and then the day after Thanksgiving almost always ends up being very thin as well. Most Americans don’t work that day. So, it’ll be interesting to see how this plays out. I still prefer buying dips. This could be a nice setup. But if we were to lose the $210 level to the downside, that would be really bad news.

AAPL Technical Analysis

Apple looks like it’s going to try to grind to the upside again, perhaps trying to get to the $280 level, which is an area that has been very difficult to break above. If we can break above the $280 level, then the market could go looking to the upside. Short-term pullbacks, I believe, should be buying opportunities right around the $265 level.

GOOG Technical Analysis

Google looks like it’s going to jump to the upside as the market continues to see quite a bit of money thrown at Google. The AI momentum is accelerating, and of course, the bonds that they have been selling have been very successful in the market. All things being equal, we are seeing an increase in volume, and this looks like it is a significant move trying to happen.

Short-term pullbacks are almost certainly going to end up being a buying opportunity. The $300 level will probably become somewhat interesting for traders to pay attention to as a potential pullback and bounce. But really, at this point in time, there’s nothing on this chart that even remotely suggests that we should be thinking about the downside here.

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