NVDA, MSFT, and ORCL Forecasts – Tech Stocks Gap Higher as Rates Drop

Microsoft looks like it’s trying to gap high enough to take out the losses on Friday. We’ll see if that actually holds. The 50-day EMA sits just above and could cause a little bit of chaos for the buyers. It is an indicator that a lot of technical analysts and technical traders like.
That being said, we’ve got an earnings call on Wednesday, and that will have a major influence on what happens next. This is a pretty big earnings week for a lot of tech companies, so I expect a lot of choppiness later in the week. Between now and then, things will probably be more of what we’ve seen recently.
ORCL Technical Analysis