Meta is rallying towards resistance around $600; a breakout could lead higher, but a failure and loss of today's low would trigger a top signal and potential drop to $549-$520.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / MSTR / META
The creator analyzes several tech stocks (NVDA, TSLA, AMD, PLTR, META) and indices (SPY, QQQ) from a technical analysis perspective. They emphasize a cautious approach due to critical resistance levels and the possibility of dead cat bounces rather than true bullish reversals. The creator highlights specific inflection points and potential trading opportunities based on price action and chart patterns, while also noting a preference for lower beta stocks over high beta tech stocks in the current market environment.
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Tickers discussed in this post
Strategy is on the radar with a clear bottom level near $120 and a promising hammer candle pattern, but requires confirmation of an inverted head and shoulders pattern and overall market strength for a bullish rally.
Palantir is showing weakness, losing the 21-day EMA and previous support, with potential to fall to $128-$125 if a top signal forms; a break above $148 would negate the short idea.
Tesla is in a bearish trend, repeatedly failing at the 21-day EMA; a loss of today's low would confirm another top signal and potential drop to $357, but the creator would not buy even on an upward breakout due to distance from support.
Nvidia is struggling to break resistance at $177 and the 21-day EMA; a break below $174 would signal another collapse, while a break above $177 would continue the rally but is not a buy due to distance from support.
Linked Signals