Developments Across Key Mega-Cap Movers Following the $Microsoft(MSFT)$ Breakdown Within $Technology Select Sector SPDR Fund(XLK)$ Descending Triangle Still Holding
$NVIDIA(NVDA)$ - Bearish rounding top with lost of 200-MA on last close, but holding at a key 9-month support around the $165 level—this zone has acted as support since the July 15, 2025 gap-up. 3 quarters of double digit YoY earnings/sales growth but muted reaction. It remained a steady name holding the market, specifically $XLK chart post Feb 12, 2026 market pullback.
$Apple(AAPL)$ - One of only two Mag7 names still holding above its 200-MA. Currently forming a classic double top, with a breakdown trigger around $243.
$Alphabet(GOOGL)$ - Remains the strongest of the group—trading ~16% above its 200-MA and nearly 7× its ADR%. Even with five consecutive down days, it’s unlikely to test the 200-MA if it stays within standard deviation. Despite holding an IBD RS Rating of 89 and largely sidestepping last week’s selloff (−0.42% on the week), the chart has now evolved into a bearish head-and-shoulders pattern, with a breakdown trigger below $294.
$Amazon.com(AMZN)$ - currently unfolding a similar bearish flag structure to $MSFT, with price already sitting within an unfilled gap support zone from the May 13 2025 gap-up.
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