How can one invest in Big Tech in the current market conditions?

I have been on hiatus for more than 5 months as my second child was born, and I have been very occupied.

However, I am still very appreciative of Cony, who continued to contact me and update me on some new MooMoo features! There are two main topics here:

Are you satisfied with the Big Tech's latest earnings results? The activity description has provided a nice summary of it, so I will skip this for now.

What is your opinion or analysis of the current market? This is what I will be focusing on in this post.

My focus will be on technical analysis using the stage method. Since we are discussing big tech, I will analyze the top five tech giant stocks based on their market capitalization.

Note that I am using a WEEKLY chart for longer-term analysis. I will also rate the stocks from 1 to 10, with 10 being the best stock for me to hold, buy, or monitor. Additionally, please note the disclaimer: do your own due diligence and perform your own analysis. I would never provide any stock tips.

AAPL:

Apple has already moved out of the bear market, as the stock has increased by 40% from its low. Additionally, Apple is currently trading above the MA30, which is sloping up.

The breakout occurred on 20th March 2023, signifying the strength that is coming in. As a result, the stock is moving up. The only concern is that the stock is near its all-time high, which is known as a strong resistance level.

Summary: Apple is showing strength, but it is approaching a very strong resistance. Rating: 8/10.

Microsoft:

Microsoft has always been my favorite stock, and it currently holds the largest portion of my portfolio. Microsoft has also moved out of the bear market, with the stock increasing by 47% from its low. You may notice a similar signal to Apple: Microsoft is trading above the MA30, which is sloping up, and the breakout occurred on 13th March 2023. Consequently, the stock is on the rise. Similar to Apple, Microsoft is approaching resistance at 317, followed by the all-time high. It's worth noting that if the strong stock manages to break out of the previous high, it will soar.

Summary: Microsoft is showing strength, with two strong resistance levels approaching. Rating: 8/10.

Alphabet

Regarding Alphabet (Google), I apologize, but Moo Moo's chart for Alphabet is displaying strange pricing due to a price split. Could you please let me know how to adjust the previously split prices for analysis?

Let me use the chart from other software for the analysis.

Google was lagging behind Apple and Microsoft. However, Google has also moved out of the bear market, with the stock increasing by 43% from its low. Have you noticed the similar pattern to Apple and Microsoft? Last week, Google broke out, and I promptly purchased some Google stocks. Let's see how far it can go.

Summary: Google has finally joined the strength stock party. The next immediate strong resistance is at 122. Rating: 8/10.

Amazon

Amazon has the same issue as the Futu moomoo stock chart. When compared to Apple, Microsoft, and Google, Amazon is not yet showing strength. There are a few reasons for this:

In summary, Amazon is considered a good stock with strong fundamentals. However, the retracement has not occurred yet, creating more uncertainties regarding whether the stock can hold or not. Given these factors, the stock is given a rating of 3 out of 10.

The 3 points are given for the following reasons:

-The moving average is flattening.

-The price moves above the moving average.

-The price is showing a higher low

NVDA

NVDA is considered one of the strongest stocks currently. In the third week of January, NVDA displayed a breakout pattern and experienced a significant rise in value. Today, it has shown a second breakout after a resting period of about a month, indicating increased strength. The next significant resistance level for NVDA is its all-time high of 347.

In summary, when compared to Microsoft and Google, NVDA demonstrates an even stronger chart as it has managed to display a second breakout pattern following a minor retracement. The next hurdle for NVDA is reaching its all-time high. Given these factors, NVDA receives a rating of 10 out of 10.

I would also like to share my analysis of the top 5 large-cap tech stocks. However, it's important to note that the next potential risk is the US debt ceiling, which could create turbulence in the stock market and potentially trigger a massive sell-off if the debt is not paid and gets downgraded.

The next three stocks to discuss are Facebook, Tesla, and TSMC. If you would like me to share my viewpoints on these stocks, please comment or like this post. If I receive more than 50 likes, I will prepare another post for these three stocks. Otherwise, I will use my time to attend to my baby. LOL

All the best to everyone and hopefully we all will have a fruitful year in the stock market.