Microsoft appears discounted with a bullish engulfing pattern on the weekly chart, but needs to break above $374 and the 21-day EMA for a convincing reversal.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / HOOD / MSFT
The creator analyzes several stocks including SPY, QQQ, NVDA, TSLA, AMD, PLTR, HOOD, and MSFT, focusing on technical indicators and chart patterns. While acknowledging some bullish signals in the broader market and specific stocks like AMD and MSFT, the overall sentiment leans towards caution due to resistance levels and lack of confirmed breakouts. The creator emphasizes the importance of following trends, understanding market context (like beta), and waiting for clear technical signals before making trading decisions.
Linked Mentions
Tickers discussed in this post
Robinhood is on the radar as a promising high-beta stock, but requires breaking several resistance levels and a clear bottom signal, especially if the broad market turns bullish.
Palantir shows a nice hammer pattern above support but is currently in a no man's land between resistance and support, requiring a clear breakout to determine direction.
Tesla is exhibiting a clear bearish trend, losing key support levels, and any bounce is likely a dead cat bounce; the next target is $338.
Nvidia is showing a slight uptick but remains below critical resistance levels; a clear top signal could present a shorting opportunity, though the creator is a long-term holder.
Linked Signals