MSFT, META and ORCL Forecast – Major Tech Stocks Mixed in Premarket

MSFT Technical Analysis

The market for Microsoft is a little bit soft in the early hours here on Thursday before we open up and at this juncture, I think we have to look at Microsoft as a market that is in a bullish trend. And despite the fact that we may be dropping a little bit in the early hours, I think ultimately the $500 level underneath will offer support. I do find interesting that we pulled back from the level, then bounced and on top of that, we broke above a 50 day EMA that seems to be holding. So, I think Microsoft does look fairly healthy overall.

META Technical Analysis

Meta looks like it’s going to gap higher during the open here on Thursday in an attempt, I believe, to fill the gap from the open on Wednesday. If we can break above the 50 day EMA, then it’s likely that Meta will continue to go much higher. This is still an uptrending stock, so I don’t have any interest in shorting it. But I also recognize that there is a little bit of noise here that might make it a little bit difficult to hang on to with a huge position. So, if I get involved in Meta to the upside, it’s probably going to be with a little bit smaller position than usual. But that’s definitely the only direction I’m looking here.

ORCL Technical Analysis

Oracle looks like it’s going to gap a little bit higher at the open on Thursday as we continue to see a lot of interest in it. It’s been very strong as of late, and really there’s nothing here that tells me it’s going to be any different. I like the idea of buying short-term pullbacks, and I think that we may eventually go looking to the $330 level again, where we have seen a lot of resistance. The 50-day EMA is down at the $263 level and rising.

Of course, we have a massive gap underneath current pricing that could offer support as well. In fact, we could drop all the way back down to $240 and still just simply be filling the gap. Oracle looks very strong. I don’t see any reason why you should be short. Longs are possible after this type of action. We’ll just have to wait and see, but definitely the uptrend remains.

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