Big Tech - Head & Shoulder Pattern Galore

These four big tech stocks are on thin ice.

A break of these necklines suggests more downside. These levels likely indicate around 11,900 on the Nasdaq as the line in the sand.

Question is, does this lead to capitulation or a longer duration downtrend. TBD...

Nasdaq 11,900 level = red line

Kommentera:

MSFT potential magnet and buy zone:

GOOGL:

Will likely be better buying opportunities on stocks with better RS, but watch these levels for next major support on the Nasdaq if reached around the same time