Technical Update - Alphabet, Apple, Amazon, Meta, Microsoft, Nvidia and Tesla Technical Update - Alphabet, Apple, Amazon, Meta, Microsoft, Nvidia and Tesla Technical Update - Alphabet, Apple, Amazon, Meta, Microsoft, Nvidia and Tesla

Technical Update - Alphabet, Apple, Amazon, Meta, Microsoft, Nvidia and Tesla

Equities 5 minutes to read
Kim Cramer Larsson

Technical Analyst, Saxo Bank

Summary:  Alphabet sellers took control yesterday pushing share price to close back below key resistance. Uptrend could be in jeopardy
Apple could be range bound. Needs to close gap area to resume uptrend
Amazon and Meta uptrends resumed
Microsoft at all-time highs but likely to move higher
Nvidia broken deadlock to new all-time highs. Eyeing USD600
Tesla in a bearish trend closing yesterday just above key support

A follow up on previous Technical Update Technical analysis Goog amzn aapl meta msft nvda tsla

Alphabet C
still closing below resistance at around 143.85. A close above is needed for bullish trend to be extended. If that scenario plays out there is room up to all-time highs around 151.85.
If closing below 136.85 the uptrend could be in jeopardy and if closing below 130 it has been reversed
Source all charts and data: Saxo Group

Apple was yesterday rejected the key resistance at around 187.15. A close above is needed for Apple to have the potential to close the gap up to 192.53. A close of the gap is needed for Apple to reverse the bearish picture.

If Apple is failing in closing the gap share price is likely to slide lower to test support at around 180.
Daily RSI is showing negative sentiment indicating lower levels.  

However, on the positive side Apple is still above the Cloud (shaded area). A close below will add to a bearish picture.

Medium-term: Is Apple developing a Double top pattern? Possibly but it needs to close below 165.67 to confirm it. If closing on a daily basis below 180 that scenario is likely to play out

Amazon Before even testing support at around 142.81 share price rebounded resuming uptrend.
RSI bounced off the 40 threshold now back above 60 indicating higher price levels. Next strong resistance at around 167.55 close to the 2.0 projection of the correction.

A close below 142.81 will reverse the uptrend
Meta Platforms has closed above key strong resistance at around 353.65 eyeing all-time highs. Weekly RSI is moving higher above its falling trendline strongly indicating higher Meta share price levels
A close below 340 will demolish the short-term bullish picture. A close below 313.66 will reverse it

Microsoft broke bullish out of its triangle like pattern and above minor resistance at around 377.16.
RSI is back above 60 and despite showing divergence is indicating higher share price.

A bullish move to 397-405 is in the cards.

A close below 366.50 will demolish the bullish picture

Nvidia has been shooting higher after breaking all-time highs and resistance at around 502.66. The bullish break-out is giving potential to 600 level.

To demolish the bullish picture a close below 473.20

Tesla yesterday tested the support at around 225.95. Share price is now below the Cloud, below all Moving Averages including the more important 200 DMA, and RSI closed below 40 threshold i.e., in a negative sentiment.
A close below 225.95 is paving the road lower for Tesla with no strong support until around 194-195.

Medium-term the picture is a bit more blurry or indecisive. Tesla failed to close above its upper falling trendline on the weekly chart but is still above the rising 55 and 200 Moving Averages, and RSI is still in positive sentiment.

However, with lower highs and lower lows on the weekly chart the trend is bearish . The 55 and 200 Moving Averages and the lower rising trendline will offer some support.

For Tesla to reverse the bearish picture a close above 265.15 is needed both short and medium-term

At the time of writing author is holding positions in Alphabet, Amazon and Meta


The Saxo Bank Group entities each provide execution-only service and access to Analysis permitting a person to view and/or use content available on or via the website. This content is not intended to and does not change or expand on the execution-only service. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Saxo News & Research and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Saxo News & Research is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Saxo News & Research or as a result of the use of the Saxo News & Research. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. Saxo News & Research does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws.

Please read our disclaimers:
Notification on Non-Independent Investment Research (
Full disclaimer (
Full disclaimer (

Saxo Bank (Schweiz) AG
The Circle 38

Contact Saxo

Select region


All trading carries risk. Losses can exceed deposits on margin products. You should consider whether you understand how our products work and whether you can afford to take the high risk of losing your money. To help you understand the risks involved we have put together a general Risk Warning series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. The KIDs can be accessed within the trading platform. Please note that the full prospectus can be obtained free of charge from Saxo Bank (Switzerland) Ltd. or the issuer.

This website can be accessed worldwide however the information on the website is related to Saxo Bank (Switzerland) Ltd. All clients will directly engage with Saxo Bank (Switzerland) Ltd. and all client agreements will be entered into with Saxo Bank (Switzerland) Ltd. and thus governed by Swiss Law. 

The content of this website represents marketing material and has not been notified or submitted to any supervisory authority.

If you contact Saxo Bank (Switzerland) Ltd. or visit this website, you acknowledge and agree that any data that you transmit to Saxo Bank (Switzerland) Ltd., either through this website, by telephone or by any other means of communication (e.g. e-mail), may be collected or recorded and transferred to other Saxo Bank Group companies or third parties in Switzerland or abroad and may be stored or otherwise processed by them or Saxo Bank (Switzerland) Ltd. You release Saxo Bank (Switzerland) Ltd. from its obligations under Swiss banking and securities dealer secrecies and, to the extent permitted by law, data protection laws as well as other laws and obligations to protect privacy. Saxo Bank (Switzerland) Ltd. has implemented appropriate technical and organizational measures to protect data from unauthorized processing and disclosure and applies appropriate safeguards to guarantee adequate protection of such data.

Apple, iPad and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.