But investors focusing on those big three may be missing some compelling breakouts in the sector, according to the charts.
Microsoft is up a pedestrian 10% since then, but combined, they've helped propel the SPDR Technology ETF (XLK) to a new all-time high.
Indeed, there's nothing wrong with riding a trend, but many times a long uptrend starts with a pattern breakout.
And starting in 2023, the following combination has produced the best results: rallying from a higher low as the stock's 14-day Relative Strength Index bottoms near 50.
It's never perfect, but this setup has presented favorable risk-reward scenarios more often than not, and each ensuing bounce eventually resulted in higher highs.
Persons:
they've, ROP, it's, It's, Frank Cappelleri
Organizations:
Nvidia, Apple, Microsoft, SPDR Technology, Roper Technologies, Technology
Locations:
Here's