META, NFLX and AAPL Forecast – US Tech Stocks Slump in Premarket

META Technical Analysis

The outlook for Meta, at least as far as pre-market trading is concerned, is a bit soft, but let’s be honest here, this is a market that has just gone straight up in the air. Quite frankly, I think you have a situation where any pullback will probably be thought of as a potential buying opportunity. And if we can really get a little bit of selling pressure here, we could find ourselves going all the way back down to the $680 level, which would be very attractive for value hunters. Now, I don’t think that happens, but that’s your ideal entry. Short-term pullbacks with a bounce are the way to get involved.

NFLX Technical Analysis

Netflix is slightly down in pre-market trading as well, with the $1,250 level underneath as your support. The market rallying here does make a certain amount of sense as Netflix is in a major uptrend, and of course, Netflix has been one of the leaders out there. So, I do think that any dip you get is a potential buying opportunity. And I do expect the $1,250 level to offer significant support.

AAPL Technical Analysis

Apple looks like it is going to pull back a bit during the trading session here on Monday, according to pre-market trading, but that’s not a huge surprise because we are at a pretty significant resistance barrier in the form of $214, plus, we also have the 200 day EMA there. So, if we can break above the highs of the Friday session, then I think that’s a pretty strong signal that we could go looking at the $225 level. If we break above there, then the market goes looking to the $238 level. Between now and then, short-term pullbacks offer buying opportunities that traders will be more than willing to take advantage of, with the 50 day EMA and $204 offering a little bit of technical support as well.

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