[Husky's Pre-Market Briefing – August 31] We took a hit on Friday, but don't panic; the script isn't finished yet.

Tech stocks collectively gave back gains on Friday, with the Nasdaq forming a dark cloud cover candlestick pattern. Short-term positions should indeed be reduced where appropriate. However, the weekly chart hasn't turned bearish yet, so let's view this as the first pullback after a rise. Today, keep a close eye on the downside gap. If it holds, bulls can still fight; if it breaks, just lie low for a few more days.

TSLA: $Tesla (TSLA.US)$ Held above 346.9. Musk, you better manage the stock price.

After the pullback and bullish engulfing pattern, it didn't continue to strengthen. It rallied intraday on Friday but fell back to close negative, though it remains above 346.9. Stop-loss at 340; exit if broken. Musk brags on X every day, yet the stock price hasn't fallen through support. I'll trust you for now. But if you act up again, I'll be the first to run.

MSFT: $Microsoft (MSFT.US)$ The most stable one. I'm holding steady without making any moves.

The add-on positions have already realized significant gains. The daily yellow candle is overheated, and resistance near the previous high is close by. I'll continue to hold; I'll only consider taking profits if it breaks below the low of the yellow candle. Microsoft is the type that quietly hits new highs, even more stable than the old ox downstairs. Holding it gives me peace of mind—simple and effortless.

META: $Meta Platforms (META.US)$ It surged but couldn't hold. Are you tricking me again?

It broke above 588.39 intraday on Friday but failed to hold at the close. The add-on signal was triggered, but the momentum was mediocre. I'll continue holding and wait for a valid breakout or a pullback with a bullish engulfment before adding more. It attempted a surge but failed, so I choose to wait it out a bit longer.

INTC: $Intel (INTC.US)$ Too weak. I'm out.

After holding the previous low of 85.14, a bullish engulfment buy signal appeared, but Friday saw a spike followed by a decline, failing to hold above 92.95. The weekly trend remains weak, so I'm treating this merely as a rebound and not adding positions. If 85.14 doesn't hold, I'll reduce my position. Intel's price action is just like my state at the gym—looks like movement, but actually accomplishes nothing. Goodbye.

AMZN: $Amazon (AMZN.US)$ I'm back again.

Friday saw a strong bullish candle reclaiming the key area, closing above 266.40, signaling a new daily bullish engulfment buy point. With the weekly chart pulling back against the purple ribbon backdrop, I re-entered with a small position. Stop-loss at 257; if broken, I'm out.

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