Technology stocks (NYSEARCA:XLK) have underperformed over the last three months, with many down more than 20%. The sector index is down 3.33% over the past three months, although up 45.7% from a year ago.

If you start early enough, add funds consistently, and hold for many years, the million-dollar goal is doable. It also helps to pick great stocks. MercadoLibre ( MELI -0.58%) and Lemonade ( LMND 1.10%) are two excellent candidates.

It’s no secret that tech stocks are volatile in nature. After getting demolished in 2022, tech stocks bounced back strongly in 2023 and into 2024. While some stocks have likely gotten ahead of themselves over the near term,

Should you invest in the hottest tech stocks? Investing in individual stocks can be tough. You need to understand the business and the industry, and know where they’re heading.

These are some of the penny stocks with the most interesting charts using technical analysis over the past month