Service Now is rising and heading towards a technical target of 139, with pullbacks to the 21 MA near 113 being potential buying opportunities.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / META / NOW
The creator discusses the current market momentum, noting bearish signals on the SPY and QQQ. While short-term momentum is weakening, the creator maintains a medium-term bullish bias, viewing pullbacks to support levels as potential buying opportunities with favorable risk-reward ratios, emphasizing technical analysis and risk management.
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Tickers discussed in this post
Palantir is stable near a technical resistance level after reporting earnings and a 30% rise; a top signal could lead to a retest of the 21-day EMA, but pullbacks are seen as buying opportunities.
Tesla is approaching a double resistance level (21-day MA and 342), and while a previous buy signal is in profit, the creator is skeptical of its strength and warns of a potential selling opportunity if it fails to break out.
Nvidia is currently far from support levels and losing momentum; a bullish reaction above the 214 to 21-day MA support area would be a buying opportunity, but earnings in 15 days make it risky.
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