$Alphabet(GOOGL)$ Technical indicators are weakening. Price has fallen below the 20, 50, and 100 moving averages. Only 15 bucks to reach the 200 MA. It has fallen below the mid-Bollinger Band and is heading toward the bottom band near $330. RSI fell below 50 and is now at 43, pointing downward. MACD made a bearish crossover and has fallen into negative territory.
There is a gap that was left unfilled at $305. Not confident it can go that low, but that would be a terrific entry.
It's just too early to be in hyperscalers for any major run until capex slows and new data centers come online, but when they do, hyperscalers will be the best sector to be in — perhaps in 12-18 months.
$Microsoft(MSFT)$ $Amazon.com(AMZN)$ $Meta Platforms, Inc.(META)$ $Oracle(ORCL)$
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