Dow is performing insanely well after being bought near the 21-day EMA.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / META
The creator expresses skepticism about the current market, particularly SPY and QQQ, citing a lack of strong bullish signals and potential for further declines. While acknowledging some individual stocks like AMD and Tesla show promise, the overall market sentiment remains cautious. The creator highlights opportunities in more conservative stocks like ExxonMobil, DVN, AT&T, and Dow, which have been performing well and were bought on their Telegram channel.
Linked Mentions
Tickers discussed in this post
AT&T is performing very well and hit its target today after being bought near the 21-day EMA.
Devon Energy is performing very well after being bought near the 21-day EMA.
ExxonMobil is performing nicely and was bought near the 21-day EMA with a good risk-reward ratio.
Meta looks horrible, in a clear downtrend losing key support levels, and is expected to retest the 570s with no current signs of a bottom.
Palantir is maintaining a bullish bias but is stuck in congestion below a powerful weekly resistance, requiring a meaningful breakout to confirm further upside.
Tesla is showing a promising bounce off the 367 support and breaking above 382, but remains bearish with lower highs and lows, requiring careful trading with strict stop losses.
Nvidia is still considered bearish, with a target support level at 169, and a clear breakout above 177 is needed for a stronger bottom signal.
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