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Tech Stocks To Buy, So Juicy After Recent Pullback

Posted by on July 4, 2017 2:36 PM
Tags: , , , , , , ,
Categories: Business

What are the best tech stocks to buy right now? I can’t find a technology stock that doesn’t look like a good buy right now. Technology stocks are reverting to the mean because they got a little too hot last month.

Tech Stocks To Buy

business stmicro chart 1100x953 - Tech Stocks To Buy, So Juicy After Recent Pullback

Jason Bond Sponsor

Large players are not stepping in yet and the Twiggs Money Flow is still falling; however, I think STM shows a decent setup pattern especially when you consider that institutional investors have increased their long positions by a whopping 71% over the last 3 months. Prices have been consolidating lately and the volatility has been reduced. There is a very little resistance above the current price. There is a support zone below the current price at 14.3, a stop order could be placed below this zone.

business facebook stock 1100x953 - Tech Stocks To Buy, So Juicy After Recent Pullback

FB presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 148.42, a stop order could be placed below this zone.

business microsoft stock chart 1100x953 - Tech Stocks To Buy, So Juicy After Recent Pullback

MSFT does present a decent setup opportunity and is one of the better tech stocks to buy. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 68.64. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 68.16, a stop order could be placed below this zone.

Tech stocks to buy

AMZN does present a decent setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 985.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 953.65, a stop order could be placed below this zone.

jb2

business google chart 1100x953 - Tech Stocks To Buy, So Juicy After Recent Pullback

GOOG looks a little too much like a falling knife right and so I’m not seeing a good setup at the moment but love the pullback. Price movement has been a little bit too volatile to find a nice entry and exit point. It is better to wait for a consolidation first before taking an entry.

business netflix stock 1100x953 - Tech Stocks To Buy, So Juicy After Recent Pullback

NFLX looks like a falling knife so I don’t see a good entry right now. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

When you are looking at which tech stocks to buy one thing is clear, the latest pullback has presented some juicy opportunities.