Tech Stocks Diverge as Interest Rates Climb

Tech stocks are diverging according to recent analysis of Tesla, Microsoft, and Amazon's price charts. As interest rates in the US continue to rise due to energy inflation, Tesla is testing key support near $359.27 on its daily chart.

Traders are watching this closely as a break below $340 could accelerate downward momentum. To the upside, the 200-day EMA at $379.76 offers technical resistance.

Microsoft, on the other hand, is looking to jump in pre-market trading and potentially reach the $500 level. The company currently has support near $478.

Ambazon is stuck between its 50-day and 200-day EMAs, indicating a choppy market with potential for noise. A break above the 50-day EMA could lead to a bigger correction upward.