Triple AAA - Apple Alphabet Amazon Price Levels

So yesterday was the triple AAA earnings in which Apple, Alphabet (Google's parent) and Amazon reported earnings. All three disappointed in some way, and are expected to open lower on Friday. Here are some price levels that will get me interested to add to my existing positions.

AAPL

Yesterday's price action actually broke above the 200 daily MA, prior to reporting earnings. On hindsight, it looked close to a previous swing high and likely to form a bull trap.

First level of support at $146.50, if that is breached, then like retest $138 or even as low as $130 (which would imply almost 100% retracement of 2023's rally).


Alphabet (GOOGL, GOOG)

Personally I prefer GOOGL (otherwise known as Class A), they usually have larger trading volume than Class C of GOOG). The stock gapped up on open on Thursday following Meta's good news. 

An attempt to fill the gap to the first likely support of $101.50 is likely.  If that first support fails, then levels of $95 (or $1 or $2 above which is close to the intersection of 50 MA and 100 MA) and $86 will be levels that will attract buyers.


AMZN

Amazon also gapped up like most other stocks on Thursday. The first level of support I would most likely be looking for is at $101.80. If that fails, look for support at $92 (which is at 50 daily MA), followed by $82.


$Apple(AAPL)$ 

$Alphabet(GOOGL)$ 

$Amazon.com(AMZN)$ 

@TigerStars 

# Big Tech Missed: Will they drag down the market?

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  • Tracccy
    ·2023-02-04
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    Gonna have to do some more research on AAPL and observe on sentiment. 🤔🤔 Dunno if it has potential to reach back to 162 and 172
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    • TracccyReplying toLionel8383
      Yup That's totally right 😃😃😃
      2023-02-05
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    • Lionel8383
      Not in the short term, probably take a few years? But isnt it better if it doesnt go up too fast? Because it will be more expensive to own the shares
      2023-02-04
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  • Gloria112
    ·2023-02-04
    TOP
    I think Apple is high at this level, indeed a bull trap
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    • Gloria112Replying toLionel8383
      Yes, indeed. not smart to add huge bets now
      2023-02-04
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    • Lionel8383
      Wait for a pull back to have a margin of safety. Most stocks are over bought for now and due some form of retrace
      2023-02-04
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  • JoanneSamson
    ·2023-02-04
    👍Will be keeping an eye on those support levels. Looks like there might be some buying opportunities if the prices drop lower.
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  • LMSunshine
    ·2023-02-13
    Thanks for the info buddy❣️ Really hope they drop to these levels you mention so I can add more! Do you think they will fall to their Dec low and break their 52W Low or unlikely? It’s always hard to decide how much to add😅
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  • Juliaaa11
    ·2023-02-04
    Larger trading volume usually means greater dynamism, GOOGL has a higher priority to monitor!
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  • Dollydolly
    ·2023-02-04
    those earnings reports were a bummer. Hope we don't see too much of a dip next week
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  • cristine
    ·2023-02-05
    Great ariticle, would you like to share it?
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  • DonnaMay
    ·2023-02-06
    GOOGL is better for the average investor than GOOG
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  • PandoraHaggai
    ·2023-02-06
    It doesn't look like it's time to invest in tech stocks just yet
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  • Maria_yy
    ·2023-02-06
    amzn's earnings report couldn't have been worse. Is that right?
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  • AricLo
    ·2023-02-05
    okay thanks for sharing
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  • EvanHolt
    ·2023-02-06
    Filling the gap is what Google should be doing
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  • BellaFaraday
    ·2023-02-06
    The rise in AAPL is completely unjustifiable
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  • Linglong8191
    ·2023-02-05
    Like pls
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  • Nighttt
    ·2023-02-05
    Nhv
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  • 迈克尔老虎
    ·2023-02-05
    [微笑]
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  • LTTan
    ·2023-02-05
    👍
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  • KSR
    ·2023-02-05
    👍
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  • sfleong1
    ·2023-02-05
    like
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  • TigerHulk
    ·2023-02-05
    Ok
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