META, MSFT, AAPL, AMZN, GOOGL – Meta, Microsoft, Apple, Amazon, and Google are on upside channel Breakout – 4 hours chart (Falling Wedge) – Oct 18, 2022
$SPY gapped up this morning with overnight news about the UK tightening policy. It opened higher and then filled the gap at $368 before it rebounded from that level. It was a bullish reversal from the $368 target. Aftermarket $NFLX positive earnings came out which help the market and overall Tech to push higher in after-hours trading.
If you take a look at the major tech names like META, MSFT, AAPL, AMZN, and GOOGL – All major techs rebounded with the overall market. All these 5 big techs are on the verge of breakout based on 4 hr chart.
If the Market continues to run higher on a recent rally based on $368 base then the above names can move higher going into their respective earnings. Earnings can void the pattern in no time so stay disciplined.
$META $MSFT $AAPL $AMZN $GOOGL on Breakout (Falling Wedge)
AAPL can run up to 148-150 range before earnings.
AMZN can run up to 123-125 going into its earnings.
MSFT can run up to 248-250 going into its earnings.
META can run up to 140-142 in the near term.
GOOGL can run up to $106-$108 going into its earnings.
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