Oracle is in an attractive technical setup near a support level and looks oversold, but the creator cannot provide a trade signal due to earnings in 13 days.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / META / ORCL
The creator analyzes several tech stocks including NVIDIA, Tesla, AMD, Palantir, Meta, and Oracle, alongside indices like SPY and QQQ. They emphasize the importance of technical confirmation, support and resistance levels, and risk-reward ratios for trading decisions, while cautioning against holding stocks during earnings reports.
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Tickers discussed in this post
Meta is showing a promising signal above a support level, with potential for a double bottom, but needs to break resistance levels to turn fully bullish.
Palantir is holding above the crucial 128 support level, suggesting a potential bounce, especially if the broader market (SPY/QQQ) breaks out.
Tesla is showing a potential bottom signal if it closes above today's high tomorrow, but the creator is not convinced due to strong resistance at the 422 level and the 21-day EMA.
NVIDIA is showing a good reaction near critical support levels, but with earnings tomorrow, the creator prefers a pullback to the 21-day MA or $185 before considering a trade.
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