As Nvidia, Microsoft, and Apple vie for the title of the world’s most valuable company by market capitalization, it is crucial to keep an eye on key levels on their respective stock charts.
Nvidia’s stock has been on a strong uptrend since last October, trading well above a key uptrend line. Investors should watch whether buyers can defend this line around $87 during profit-taking periods. A breakdown below this level could see the stock test previous consolidation areas around $50.
Microsoft’s stock, like Nvidia, has been on an upward trend since October last year, but with less overbought conditions. The price is close to an uptrend line, and failure to maintain this level could lead to a drop to previous record levels around $350.
Apple’s stock recently broke out of a tight 12-month channel pattern following the announcement of Apple Intelligence. The RSI indicator suggests the stock has room to continue rising, and using the Measuring principle, a potential price target of $228 can be projected.
Investors should carefully monitor these key levels in the stock prices of these tech giants as they continue to battle for the top spot in market capitalization.Keep an eye on Nvidia’s $87 level, Microsoft’s $350 level, and Apple’s $228 target as potential indicators of future stock performance.
Article Source
https://finance.yahoo.com/news/key-levels-watch-nvidia-microsoft-020736025.html
