Technical Update - Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla. How will they be performing towards Christmas? Technical Update - Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla. How will they be performing towards Christmas? Technical Update - Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla. How will they be performing towards Christmas?

Technical Update - Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla. How will they be performing towards Christmas?

Equities 5 minutes to read
Kim Cramer Larsson

Technical Analyst, Saxo Bank

Alphabet A (GOOGL) jumped yesterday to close back above the Cloud (shaded area) resuming the bullish scenario.
RSI bounced off the 40 threshold i.e., still showing positive sentiment indicating likely higher share price levels.

A close above 139.42 and an RSI close above 60 will further be confirming the bullish picture with potential to all-time high around 151.55

A close below 127.90 will reverse the bullish trend likely sending the share price down to around 120
Source all charts and data: Saxo Group

Amazon AMZN uptrend seems to be stalling somewhat. The Doji Evening star like pattern (circled) is indicating a top a reversal. However, it is not the most perfect textbook pattern which is a weakness suggesting it can be cancelled. A close above 149.26 will  cancel it with Amazon resuming uptrend.

And uptrend with potential to resistance around 167

A close below 142.80 is likely to fuel a sell-off down to strong support around 135.29

Divergence on the RSI is indicating exhaustion of the uptrend but a higher Amazon close and an RSI close above its falling trendline is likely to cancel the divergence pointing to higher levels

Apple AAPL is in an uptrend but with RSI divergence indicating an exhaustion od the trend. However, currently the RSI is testing its falling trendline and if RSI is closing above the falling trendline previous all-time high at around 198.23 is likely to be broken.

A close above 198.25 could give potential to 210 level.

However, if RSI is failing in closing above the dashed horizontal line the divergence persists limiting the Apple uptrend. A close below 187.45 is likely to fuel a sell-off down to test strong support at around 182

Meta (facebook) has bounced off the 55 DMA and the RSI is bouncing from the 40 threshold indicating Meta is to resume uptrend. RSI is not showing divergence suggesting Meta is to trade higher above 343.
If that scenario plays out there is potential to 361-372.

A close below 31360 will demolish the bullish picture and could initiate a sell-off down to 274

Microsoft MSFT is in a bit of a limbo at the moment. The All-time high recorded last week came under RSI divergence indicating an trend exhaustion.

However, RSI is still showing positive sentiment and if Microsoft can close above 374.50 and RSI can is closing back above 60 threshold the uptrend is likely to resume with a test of the all-time high to follow.
However, if that scenario plays out Microsoft would have potential to around 392-400

A close below 362.90 a sell-off down to around 340.50 could be seen. The rising 55 DMA will give some support however, possibly limiting a bearish move
Nvidia NVDA is holding on above the 55 and the 100 DMA and above the Cloud (shaded area).
RSI sentiment is still positive despite indicating divergence on  the peaks but if NVDA can break above 474 a re-test of the previous peak level just above 500 is likely to be tested and taken out. If that scenario plays out there is short-term potential up to 550-560

A close below 450 is likely toe extend the current downwards move/correction to the strong support around 400

Tesla is struggling to gain upside momentum after closing above 242.64 thus closing the gap area.
Rejected at the falling trendline Tesla shares are trading around the declining 100 DMA.

When Tesla did close above 242.64 last week RSI also closed above 60 threshold meaning it is showing positive sentiment but Tesla share price has not yet been benefitting from it.

For Tesla to gain upside momentum a close above the upper falling trendline Is needed. IF that scenario plays out there is short-term potential to 275-280.

A close below 225 is likely to confirm a downtrend with potential 195 177 levels


The Saxo 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 is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Inspiration Disclaimer and (v) Notices applying to Trade Inspiration, 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 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 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 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 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 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 (

None of the information contained here constitutes an offer to purchase or sell a financial instrument, or to make any investments. Saxo Markets does not take into account your personal investment objectives or financial situation and makes no representation and assumes no liability as to the accuracy or completeness of the information nor for any loss arising from any investment made in reliance of this presentation. Any opinions made are subject to change and may be personal to the author. These may not necessarily reflect the opinion of Saxo Markets or its affiliates.

Saxo Markets
88 Market Street
CapitaSpring #31-01
Singapore 048948

Contact Saxo

Select region


Saxo Capital Markets Pte Ltd ('Saxo Markets') is a company authorised and regulated by the Monetary Authority of Singapore (MAS) [Co. Reg. No.: 200601141M ] and is a wholly owned subsidiary of Saxo Bank A/S, headquartered in Denmark. Please refer to our General Business Terms & Risk Warning to consider whether acquiring or continuing to hold financial products is suitable for you, prior to opening an account and investing in a financial product.

Trading in financial instruments carries various risks, and is not suitable for all investors. Please seek expert advice, and always ensure that you fully understand these risks before trading. Trading in leveraged products such as Margin FX products may result in your losses exceeding your initial deposits. Saxo Markets does not provide financial advice, any information available on this website is ‘general’ in nature and for informational purposes only. Saxo Markets does not take into account an individual’s needs, objectives or financial situation.

The Saxo trading platform has received numerous awards and recognition. For details of these awards and information on awards visit

The information or the products and services referred to on this website may be accessed worldwide, however is only intended for distribution to and use by recipients located in countries where such use does not constitute a violation of applicable legislation or regulations. Products and Services offered on this website are not intended for residents of the United States, Malaysia and Japan. Please click here to view our full disclaimer.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Apple and the Apple logo are trademarks of Apple Inc, registered in the US and other countries and regions. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.