Facebook Nears New Buy Point As Big Techs Retake Key Levels By Scalper1 | March 16, 2016 0 Comment Scalper1 News alt : http://feedproxy.google.com/~r/InternetTechnologyRss/~5/Bdh0NU3QVaY/Tech_031616_FB_AAPL_MSFT_AMZN_GOOGL_sd.mp4http://feedproxy.google.com/~r/InternetTechnologyRss/~5/Bdh0NU3QVaY/Tech_031616_FB_AAPL_MSFT_AMZN_GOOGL_sd.mp4 Loading the player… A new base is taking shape for Facebook ( FB ), as the social media giant’s stock has finally broken through an area of resistance. Facebook’s popular photo-sharing app Instagram said Tuesday it’s soon rearranging feeds to show posts based on what users would most likely want to see, rather than showing them chronologically. That’s much like an algorithm Facebook uses. Shares are on track for their fourth straight day of gains, with the stock breaking through resistance at the 110 price level. The stock now looks to be forming the right side of a new base, rising 1.2% in soft volume Wednesday. Facebook is trading 4% below its February high and a potential buy point. Apple On 6-Day Win Streak Meanwhile, Apple ( AAPL ) has notched gains for the past five sessions, boosted by a gap-up yesterday, as Morgan Stanley said iPhone demand was tracking ahead of expectations. Volume is tracking lighter than average as the stock looks to gain more today. Up 1.4% in afternoon trade, Apple is now trading above the 105 price level, an area the stock hasn’t traded above since Jan. 4. Apple is 21% below its high reached last April. Amazon, Alphabet, Microsoft Retake 50-Day Lines Among other large-cap tech stocks, Amazon ( AMZN ) was able to retake its 50-day line on Monday and is continuing to hold above that level. Amazon shares are 16% below their late December high and a potential buy point. Amazon stock rose 0.5% intraday. Google parent Alphabet ( GOOGL ) was able to retake its 50-day line last Friday. The stock is now looking to break past resistance at the 750 price level. Alphabet is 6% below its February peak, up 0.8% Wednesday afternoon. Microsoft ( MSFT ) also retook its 50-day recently. Microsoft shares are trading about 4% below a potential buy point, rising 1.5% Wednesday. Scalper1 News Scalper1 News Related posts: What Facebook’s Oculus, Google See In Virtual Reality’s Future Big Stock Moves For Techs With Earnings Reports This Week Why Facebook, Google, Amazon Are Best Positioned For Mobile Netflix Retakes Key Level; Apple On Biggest Win Streak Since Sept.