Robinhood is in a clear congestion range between $70s and $80s, with a potential bearish flag pattern suggesting a downside target near $42 if the $71.87 support breaks.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / META / HOOD
The market is showing signs of potential recovery with some stocks stabilizing above support levels, but confirmation is needed. Key inflection points and resistance levels are highlighted for SPY, QQQ, NVDA, TSLA, AMD, PLTR, META, and HOOD. The creator emphasizes a reactive trading approach based on technical evidence and risk management, advising caution until clear breakouts occur.
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Tickers discussed in this post
Meta is in a congestion zone and needs to break the 21-day EMA resistance for a rally, with a potential downside target of $570s if it fails and breaks below $626.
Palantir is performing well, above the 21-day EMA and support at $140s after triggering a double bottom, with a target of $165, but medium to long-term recovery needs a close above the 21-week moving average.
AMD is bouncing off a support level and showing bullish candles, but needs more technical evidence like a close above $190s and preferably $200s for a meaningful rally.
Tesla is approaching a key support level around $382 and showing a hammer candle, but remains technically bearish with lower highs and lows, needing a close above the hammer's high for confirmation.
Nvidia is stabilizing above a secondary support level at $157, with a bullish engulfing candle pattern suggesting a potential reversal, but requires an upward breakout for confirmation.
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