372 Will be the last and final target Before tech corrects.
I cant stress this enough how priced in these earnings are for techs biggest names. Outside of tesla , QQQ 5 biggest compaines are all up 8 -15% since last earnings in april. Apple is approaching channel top. Msft is overbought and approaching weekly resistance. PayPal, is at the top of their channel and at all time high. NvDA and SOXL semiconductor chip stocks etf are basically consolidating. Adobe is overbought on every time table.
The only stock that has bullish potential IMO is Amazon. With that being said , I think after FOMC meeting interest rate decision this week+ earnings we'll start to see a dump that will go on into mid August. Its nothing bearish about this because the overall channel is upwards. this is just a healthy correction.
I cant stress this enough how priced in these earnings are for techs biggest names. Outside of tesla , QQQ 5 biggest compaines are all up 8 -15% since last earnings in april. Apple is approaching channel top. Msft is overbought and approaching weekly resistance. PayPal, is at the top of their channel and at all time high. NvDA and SOXL semiconductor chip stocks etf are basically consolidating. Adobe is overbought on every time table.
The only stock that has bullish potential IMO is Amazon. With that being said , I think after FOMC meeting interest rate decision this week+ earnings we'll start to see a dump that will go on into mid August. Its nothing bearish about this because the overall channel is upwards. this is just a healthy correction.
