Key Technical Inflection Points Are Forming in $AAPL $MSFT $JPM

SmartReversals
02-05 13:06

While broader indices remain volatile, these three megacaps are reaching critical technical levels.

Overbought conditions in $AAPL$, extreme oversold signals in $MSFT$, and relative strength in $JPM$ highlight how stock selection is driving returns in a fragmented market.

1. $Apple(AAPL)$

The conditions that triggered the latest sell-off are in place once again: the upper Bollinger Band has been breached and the oscillator is overbought.

The conviction of this rally will be tested; usually, this combination leads to a consolidation or pullback.

2. $Microsoft(MSFT)$

It has been a dramatic selloff since the breach of the upper Bollinger Band in October. The last time the price was this oversold, we saw a "dead cat bounce" result in a quick +8% jump.

3. $JPMorgan Chase(JPM)$

I’ve highlighted the strength of individual names while indices remain choppy. My approach focuses on megacaps with solid fundamentals, reliable setups, and high volume.

$JPM was a high-probability pick last week. While the $NASDAQ 100(NDX)$ has fallen -1.55% and the $S&P 500(.SPX)$ lost -0.84%, JPM gained 3%, hitting my $314 Weekly Compass target exactly. 🎯

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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