Robinhood is at an interesting technical level around $110, with potential support at the 50-day moving average near $102-$103, but its correlation with Bitcoin and market structure suggest caution.
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TICKER TIME: AMD, INTEL, APPLE, ORACLE, ROBINHOOD, SMH, META !!
The creator discusses the semiconductor ETF SMH and its key levels, noting that while it bounced off $540, it's now facing resistance at the declining 50-day moving average. For AMD, the creator sees a bullish technical setup but would wait for a pullback to $525 before considering a buy, contingent on SMH breaking above its 50-day moving average. The market structure for AMD is also noted as being under strong buyer control.
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Tickers discussed in this post
Meta is at a critical technical juncture around $688; consolidating above this level could attract buyers and lead to all-time highs, supported by strong demand and a rising 5-day moving average.
Apple's technical chart is strong with rising moving averages, suggesting a high probability of retesting all-time highs above $339 in the upcoming days.
Oracle is showing technical improvement, bouncing off the 50-day moving average, with potential upside if it can sustain above $150, though facing resistance at the 200-day moving average.
Intel's rising 100-day moving average and previous resistance at $17 suggest potential upside if price sustains above $18, with a key support level near $100.
AMD shows a bullish technical chart and strong buyer control, but the creator would wait for a pullback to $525 before buying, pending SMH's performance.