Tech stocks are oversold

16 May 2022

Various tech stocks that boomed during 2020 began to fall at different speeds starting in 2021, with February 8 being the turning point for most. A gradual recovery continued before reaching another peak in mid-July, at which point the crash was continuous and widespread. As of today May 15, 2022, the profits obtained since 2020 have evaporated for this type of stocks. A bottleneck is evident to which they have converged, from my perspective, a change in trend is foreseeable, with Thursday May 12 being the date on which they reached the bottom.

At current prices it could be a great opportunity to go long in this sector.