Is it too late to get in on the Super Six? That’s the old Magnificent Seven, minus the recently not-so-magnificent Tesla . It’s a question we get from members all the time. And for good reason: Apple has rallied the least over the past year but is still up a very solid 36%. Alphabet advanced nearly 60%, Amazon jumped 62%, Microsoft added nearly 68%, Meta Platforms soared 180%. And then there’s Nvidia , the top-performing stock in the S & P 500 for 2023, and now up 220% for the past 12 months through Thursday’s close. Members already know that we love these stocks based purely on their business fundamentals. They are all stocks worth owning. But how? Where are the pullbacks for new investors to get in? We addressed this question for Apple a couple weeks ago, by analyzing its stock chart for key levels of interest based on 2024 earnings estimates. This time around let’s take a look at the rest of the Super Six (we own them all), and an update on our Apple view. The goal: Determine entry points for investors who don’t currently have a position. If you already own shares, consider your cost basis and last buy for entry points. The goal with subsequent buys is to reduce your overall cost basis. Microsoft Three potential entry points: $380, $365 and $342. As we can see on the chart below, $380 was the prior high reached in late November 2023. The polarity principle says that prior resistance, once broken, becomes support. Of course, that’s not a certainty. Moreover, as we can see, the 50-day moving average (the red line) also comes into play at $380, which would represent a 6% pullback from the current price of roughly $405. Should shares fall below that $380 price support, the next area of interest is at the $365 level. As indicated by the red circle to the left, this was past point of resistance and also came into play as support (red oval on the right) several times once we finally broke through that level (again polarity principal at work). This price would…
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