Major Tech Stocks Looking to Recover Early on Monday

Tesla Technical Analysis

Tesla looks like it is going to gap a little bit to the upside during the trading session on Monday, as we are hanging around and trying to jump to fill the gap that occurred on Friday. This is a nice little recovery so far, and it is worth noting that this general vicinity that we are in at the moment has been support for Tesla in the past. So technical traders may be trying to play the bounce.

The 200-day EMA sits at the $397 region. That is an area that people will be watching. It’s worth noting that Tesla has been somewhat sideways for a while now, and as we got towards the bottom of that range, buyers returned.

NVIDIA Technical Analysis

NVIDIA looks like it’s going to jump right away on Monday’s open. It formed a pretty ugly candlestick early during the day on Friday, but recovered quite nicely to become basically neutral. At this point, it looks like the $200 level has offered enough support that traders are interested in getting involved again. All things being equal, the 50-day EMA has held as support as well, and now questions will be asked as to whether or not the buyers can break above the crucial $215 level, an area that has been a little difficult to overcome recently. The 200-day EMA sits right around the $190 level and is rising; it should continue to be an area of interest from everything that I can tell.

AAPL Technical Analysis

The Apple market looks a little bit soft in pre-market trading, but it’s gone straight up in the air for a couple of weeks now. Earnings call comes on the 30th, so we have a little bit of time, about 2 weeks before that. $317 was previously resistance; it could end up being support going forward.

Ultimately, this is a market that has been bullish for quite a while, probably continues to be so if momentum is to be believed, but does look a little stretched at the moment, and any dip at this point in time makes sense as it has exploded from $275 to $340 in the course of about 2 weeks; it’s just a little overextended.

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