Apple is showing a promising reaction and attempting to break a key resistance level, potentially forming a double bottom and triggering a reversal among Magnificent Seven stocks.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / AAPL
The creator provides a technical analysis of several stocks and ETFs, including SPY, QQQ, NVDA, TSLA, AMD, PLTR, and AAPL. They emphasize the importance of waiting for clear technical confirmations before making trading decisions, highlighting key resistance and support levels, and discussing potential bullish and bearish scenarios for each instrument. The creator also touches on trading psychology and risk management.
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Tickers discussed in this post
Palantir is in an inflection zone between support at 140s and resistance at 148; the creator will not trade it until a clear breakout occurs in either direction.
Tesla is bearish, showing lower highs and lows, and retesting the 21-day EMA has led to collapses; there is no buying opportunity currently, and the creator remains neutral.
Nvidia shows a bullish candle but remains below resistance levels, needing a clear breakout to confirm a recovery; failure to hold today's low could lead to a double top and a drop to 165.
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