Recently made a plan to allocate more capital into technology related stocks in NASDAQ. For the week 14 September 2020 to 18 September 2020, many technology stocks have experienced decline. NASDAQ have declined approximately 12% from the highs of 12,426 points. Broken 20MA and 50MA.
Will be sharing some counters that I am currently monitoring for an entry.
Declined quite a bit since the 4-1 split. Breaking 20 MA and 50 MA, the chart seems to show a short term downward trend. Would expect this to continue, closing the gap in 31 July 2020. Would make a purchase at 93.4.
Similarly, Microsoft share price have declined as well. On Friday there was a bounce, which might show a sign of support at 200. There’s some uncertainty of the direction from here, but i would like to see 190 for me to make a purchase.
Amazing uptrend for Tesla for the year, and a very strong bounce after hitting 50MA. Will be very excited and will definitely tune in for battery day on 22 September 2020 to understand what are the possible developments for Tesla in the future. Might be taking a position on Monday before the battery day..