Amazon is described as a disaster, trading below key moving averages with potential downside to the 200 EMA at $240, especially with September typically being a bearish month.
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TICKER TIME: TESLA, AMAZON, DELL, SOFI, SPACEX, SERVICENOW, IGV, SMH !!
The creator analyzes Tesla's (TSLA) stock, noting a conflict between short-term higher highs and lows and a long-term declining 100-day moving average. They suggest waiting for a price push above $381 for a potential entry, with support identified between $354-$356. The analysis also touches on market structure and anchored VWAP from all-time highs, indicating potential overhead supply.
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The creator begins to discuss Dell Technologies but the analysis is cut off.
ServiceNow could present a long opportunity if buyers step in above $130-$133, especially if the IGV ETF also shows strength.
Tesla's technical chart presents a conflict between short-term bullish trends and a long-term bearish moving average, suggesting a hold until price breaks above $381.
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