SoFi is extremely bearish, showing a bearish candle despite a slight price increase, and is at risk of retesting lower levels like $14 or $12 if it loses today's low.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / META / SOFI
The creator analyzes several stocks including SPY, QQQ, NVDA, TSLA, AMD, PLTR, META, and SOFI. While the broader market indices like SPY and QQQ show bullish signs, many individual tech stocks are exhibiting bearish candles and struggling to break resistance levels. The creator emphasizes the importance of risk-reward ratio and waiting for clear technical signals before making any buy or sell decisions, advising caution due to potential market pullbacks.
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Tickers discussed in this post
Meta is turning bullish after breaking the 21-day EMA and showing a pivot point, but caution is advised as losing today's low could lead to a bearish reversal.
Palantir is currently bearish and losing the 21-day EMA, but could present a buying opportunity if it forms a bottom signal near support levels with a clear bullish reaction.
Tesla is showing a bearish candle and failing to break $357, indicating a bearish trend with no buy signals, and any pullback could lead to further declines.
Nvidia is showing a strong bearish candle and is at risk of a sharper correction if it loses today's low or the 21-hour EMA, potentially falling to $165.