MSFT, AAPL, GOOG – Major Tech Stocks Slightly Soft Early on Thursday

Major stocks continue to see a lot of support in general but are soft to start the Thursday session.

Microsoft: Trying to Bottom, but $410 Is the Level to Clear

Microsoft (MSFT) looks a little soft at the open on Thursday as markets are still trying to get a grip on whether or not the AI bubble is going to continue or if we’re going to see further selling pressure. Not to mention the fact that there are plenty of geopolitical issues out there. All things being equal, this market is in the midst of trying to bottom, but it probably takes quite a bit of work to make that happen.

Microsoft (MSFT) daily chart – Price attempts to bottom near $405 with $410 as the key breakout level. Source: TradingView.

A Break Above $410 Could Pick Up Upside Momentum

If we can break above the $410 level, this could pick up a little bit of momentum to the upside. Until then, the bottoming process continues.

Apple: Consolidating Around the 50-Day EMA

Apple (AAPL) looks like it’s going to be a little soft as well, but it’s in the middle of consolidation and you should not read too much into it. If we can recapture the 50-day EMA on a daily close, then Apple has the ability to go looking to the $278 level. Anything above there targets $280. Breaking down from here opens up a move to $255, perhaps followed by $250.

Apple (AAPL) daily chart – Price consolidates near the 50-day EMA with $278–$280 resistance and $250–$255 support. Source: TradingView.

Recapturing the 50-Day EMA Opens the Door to $278–$280

A daily close above the 50-day EMA is the catalyst needed to unlock upside targets at $278 and then $280. On the downside, $255 and $250 are the key support levels to watch.

Google: Sitting on Support With Double-Bottom Potential

Google (GOOG) looks like it’s going to be ever so slightly negative at the open, but it doesn’t matter too much—we’re sitting on support. There is plenty of support extending all the way down to the $290 level, so it’s difficult to get bearish here.

Google (GOOG) daily chart – Price sits on support near $300–$290 with a potential double bottom forming. Source: TradingView.

A Break Above the 50-Day EMA Would Confirm a Double Bottom

We could be in the process of trying to form a double bottom and break above the 50-day EMA. If we do that, it would be bullish—though that’s probably not going to happen during Thursday. A little bit of upward momentum could give a heads-up as to a continuation of support underneath and possibly a longer-term uptrend. There is no interest in shorting.