MSFT, AAPL and AMZN Forecasts – Major Tech Looking for More Momentum

Microsoft Technical Analysis

Microsoft looks like it is going to basically open up where it had closed during the previous session, but it doesn’t take a lot of imagination to perhaps see a little bit of a bullish flag here. If we can break above the high of the trading session on Thursday during the Friday session, then we could open up a move to the 200-day EMA.

The 200-day EMA, of course, will cause some technical resistance. Ultimately, this is a market that, as it pulls back, you should be looking to buy, and this is a market that, of course, is influenced by artificial intelligence, and it is in the process of recovery, so the upside could be all the way back to $550 if you’re patient enough.

Apple Technical Analysis

Apple looks like it is going to open a little bit higher. It continues to break much higher. You can see the trend’s been very strong for some time. It is one of the better performing stocks out there. We also have an ex-dividend date on Monday so that could provide a little bit of padding during the day here on Friday.

Amazon Technical Analysis

Amazon looks like it wants to try to turn things around after the selling pressure on Thursday, but let’s be honest, it’s in an uptrend anyway. It’s gone straight up in the air since the beginning of April, almost mirroring the Nasdaq 100, really.

So short-term pullbacks I think continue to be buying opportunities, but we could drop all the way to $250 and still nothing has changed. In other words, there is some distance that we could drop before jumping back in. I’m just looking for the right-hand side of the V to get involved with, as that way you aren’t chasing, and you have a defined stop loss.

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