Tech is setting up structurally for a push into new all-time highs over the next few weeks, as it has regained a bullish structure with a fresh daily squeeze, positively stacked exponential moving average (EMA) points, and support above the daily 21 EMA.
If we are looking to benefit from any potential momentum in tech stocks, we need to do so with the cleanest setups possible. GOOGL and FB have been clear leaders here, however they are too extended for new entries.
MSFT and AMZN look promising for potential entries as they have yet to make the 2+ average true range (ATR) move that GOOGL and FB quickly made. Watch the video above for more.
Stay Focused!