Palantir is attempting to react above the $128 support, but a breakout above the $140 resistance is needed to turn bullish; losing $128 would be dangerous.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR
The creator analyzes the current market conditions, noting a bearish reaction in SPY and QQQ but emphasizes the need for technical confirmation before declaring a real top. He discusses specific stocks like NVDA, TSLA, AMD, and PLTR, outlining their current technical setups and potential future movements based on key support and resistance levels. The creator advises focusing on low beta stocks for trading opportunities due to market volatility.
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Tickers discussed in this post
Tesla shows a consistent pattern of collapsing after bouncing to the 21-day EMA, indicating a bearish trend on both daily and weekly charts.
Nvidia is melting after earnings, losing the 21-day EMA; a bottom signal above support is needed for a potential buying opportunity.
SPY is experiencing a bearish reaction, but confirmation is needed to determine if it's a real top signal; holding above support levels is key.
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