Amazon shows potential for a short-term bullish trade if bulls can recapture the 5-day MA at $261, targeting the 20-day MA at $265, but faces resistance at the anchor VWAP near $268.
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TICKER TIME: NVIDIA, AMD, TESLA, AMAZON AND APPLE !!! TECHNICALS, MARKET STRUCTURE AND AVWAP'S !!
The creator provides a rapid-fire technical analysis of several stocks, including Nvidia, AMD, Tesla, Amazon, and Apple, focusing on market structure, support/resistance levels, and AVWAPs. The analysis for Nvidia suggests a potential buy if it holds above $218, while AMD's chart is deemed less favorable, with a key resistance at the 20-day moving average. The semiconductor ETF SMH is also discussed as a crucial indicator for Nvidia and AMD.
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Tickers discussed in this post
Palantir shows a constructive chart with potential upside to all-time highs if it holds above $181-$182, with $174 as a support level for dip buying.
The creator is waiting for Tesla to consolidate above the 100-day moving average at $382 before considering a long position, noting the stock is in a downtrend and facing overhead supply.
Apple is showing a potential positive catalyst for bulls if it can consolidate above the rising 5-day moving average at $315, despite a bearish market structure with flat demand and rising supply.
AMD's chart is not looking good, with the 100-day moving average at $457 acting as support, but the 20-day moving average has been a consistent rejection point for bulls.
Nvidia could attract buyers if it consolidates above $218, with a potential upside target of $227, but its market structure is currently weak.
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