MSFT, GOOG and AAPL Forecasts – Tech Stocks Mixed to Kick Off Week

Microsoft Technical Analysis

The Microsoft market has been very noisy as of late, and really, at this point in time, you have to keep an eye on the fact that on Wednesday, we get the earnings call, and I think we might be in a little bit of a wait-and-see behavior. That being said, I think the market itself remains buy on the dip unless, of course, the earnings call is absolutely horrible.

That market reaction over the last couple of weeks has been one worth watching as we have gone straight up in the air; perhaps people have finally started to take a shine to Microsoft again. We do have a 200-day EMA of $441.87, so that’s a barrier as well. Again, I think you’re looking for short-term dips to buy into.

GOOG Technical Analysis

Google looks like it’s going to be a little bit positive at the open. It is approaching a massive swing high from February and ultimately, I think from a price adjusted from all of the splits, the all-time high being taken out does make a certain amount of sense near the $350 area. Short-term pullbacks are buying opportunities. The 50-day EMA is all the way down at the $314 level, so I think it shows real strength. It’s almost like a bullish flag, but maybe just a little bit more aggressive than that.

Apple Technical Analysis

Apple is gapping lower to kick off the session. There are a couple of things going on—the announcement of a phone by OpenAI seems to be one of the things influencing Apple. That’s interesting, but I don’t think in the long run it means much. Honestly, when I look at this chart, I just think we hit a ceiling. I’m looking to buy dips. I do think Apple will be a buy, especially closer to the 50-day EMA, but this is one you probably want to stay away from today. There are two other much better choices in this video.

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