$Microsoft(MSFT)$ - Reversal at the Bollinger Band:Even before ER, price came back to earth when the bearish candle moved to the Bollinger zone, and further continuation will occur tomorrow.The yellow area and blue arrow highlight the most likely gap, breaching the 20 moving average. This stock usually fills gapsπ, but waiting for candle formation and oscillators by the close tomorrow is prudent.The decline is not technically surprising for $Meta Platforms, Inc.(META)$ , but for MSFT a potential bullish reversal is being invalidated.Image
Big Tech Earnings: Who is the Winner Among Mag 7?
Amazon's Q3 profit far exceeded expectations, driven by accelerated cloud growth. The company indicated that capital expenditures may be higher next year, leading to a nearly 6% increase in after-hours trading. Both Microsoft and Meta dropped by 4% following their earnings reports. Although financial results met expectations, management indicated that upcoming AI spending would increase. ------------------- Will Amazon hit all-time-high this week? MSFT and META: Goog Buy or Good Bye After 6% Drop?
+ Follow
+11