3 Big Stock Charts for Thursday: Apple Inc., Advanced Micro Devices, Inc. and Alibaba Group Holding Ltd

Here we go again. The Dow Jones Industrial Average cracked through 24,000 this morning as investors will have all the symptoms of Buyers Fever heading into the last trading day of the month.  This month will mark the eighth positive month for the market, suggesting that the rally should be getting too long in the tooth. Nonetheless, the reality is that money is still pouring into stocks and the robust market is providing ample opportunities for the bulls and bears.

This morning’s three big stock charts reviews the technicals of Advanced Micro Devices, Inc. (NASDAQ:AMD), Apple Inc. (NASDAQ:AAPL) and Alibaba Group Holding Ltd (NYSE:BABA) as this trio is putting traders in an uneasy spot with recent underperformance.

Advanced Micro Devices, Inc. (AMD)

I wanted to update my last coverage of Advanced Micro Devices, as the stock has now worked its way into a must-win technical situation. After a dead cat bounce rally that started in November, AMD shares are headed towards chart support that is going to be the make-or-break that results in a 5-10% rally or selloff.

Apple Inc. (AAPL)

With all the buzz over the new devices out of the way, we’re beginning to see some “sell the news” activity on Apple.

AAPL stock recently posted a bearish technical pattern that suggests lower prices are on the way.

Alibaba Group Holding Ltd (BABA)

Alibaba doesn’t participate in the Cyber Monday craze as the company has its “Singles Day” in November.

Of course, its biggest shopping day of the year didn’t help shares as they are now breaking down technically. Traders and investors holding BABA shares may want to take a gut check of the following:

As of this writing, Johnson Research Group did not hold a position in any of the aforementioned securities.

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