Oracle remains bullish, is above the 21 MA, and is respecting its first support level near $189.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / SMCI / ORCL
The creator analyzes SPY's technicals, noting a dangerous top signal but maintaining a bullish stance as long as higher highs and higher lows persist. A loss of the 737.96 level would signal a short-term reversal and potential pullback, which the creator views as a healthy opportunity to buy other stocks at a discount.
Linked Mentions
Tickers discussed in this post
Super Micro Computer is bullish and approaching a support level, offering a good risk-reward for a potential buy signal.
PLTR is near support and looks good to reverse the medium-term bearish bias if it breaks the 21-day MA.
AMD is a phenomenal stock; eager for a pullback to buy again with improved risk-reward.
TSLA is collapsing but approaching support levels, presenting a potential buying opportunity similar to NVDA.
NVDA is technically correcting but still in a strong uptrend; pullbacks near support levels after earnings could be a buying opportunity.