MicroStrategy has broken out of resistance and is heading towards the 190s, with pullbacks to the 149 level seen as potential buying opportunities.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / SOFI / MSTR
The creator analyzes the current market trends, focusing on SPY, QQQ, NVDA, TSLA, AMD, PLTR, SOFI, and MSTR. They emphasize technical analysis and evidence-based trading, discussing potential pullbacks, sideways corrections, and breakout opportunities. The creator provides specific price targets and support/resistance levels for several stocks, offering insights into their current positions and potential future movements.
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Tickers discussed in this post
SoFi is showing a potential top signal with a shooting star candle, and while the creator personally considers it a sell after buying lower, they see potential pullbacks as buying opportunities.
Palantir is breaking the 21-day MA but is still below resistance and not as bullish as other stocks; a sell signal would be triggered by a top formation on the daily chart and a loss of the 21-day EMA.
AMD is making new record highs, and the strategy is to use a trailing stop gain below today's low (274.14), selling only if this level is decisively lost.
Tesla has reached a personal target of 396 and is considered a sell before earnings due to its proximity to resistance and the upcoming earnings report, with a preference to wait for post-earnings price action.
NVIDIA is showing strong bullish momentum, breaking previous highs and exhibiting a sideways correction pattern similar to 2023, with potential for further upside after a pullback.
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