SoFi needs to break a double resistance level at $19.29 and the 21-day EMA to trigger a meaningful bullish reaction, with potential for a bounce to $22.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / AAPL / SOFI
The creator analyzes several stocks and ETFs, including SPY, QQQ, NVDA, TSLA, AMD, PLTR, AAPL, and SOFI, using technical analysis. While acknowledging some bullish signals and promising reactions in individual stocks like AMD and AAPL, the overall sentiment remains cautious due to resistance levels and the broader market's uncertainty. Palantir (PLTR) is highlighted as a successful swing trade, and SoFi (SOFI) is identified with a key resistance level to watch for a potential bounce.
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Tickers discussed in this post
Apple is one of the best-looking tech stocks, showing bullish technical evidence like a bullish engulfing pattern above support and stabilizing near the 21-weekly moving average, making it a radar stock.
Palantir was bought near $130 and is now up significantly, with a strategy of using trailing stop losses to secure profits as it heads towards the second target of $165.
AMD is showing a powerful bullish candle and a potential bottom signal, making it a plausible trade if it breaks today's high, though the creator is not trading it directly.
Tesla is currently not a buy or a short opportunity, as it's bouncing off support with a bullish candle, but a clear bearish reaction near resistance would be needed to consider a short.
Nvidia is above support levels with a bullish engulfing pattern, but like the broader indices, it needs to break the 21-day EMA for a more convincing bullish signal.
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