Palantir shows potential for a double bottom pattern if it breaks the 145.87 resistance, which would target 166, but the weekly chart remains bearish due to a triggered head and shoulders pattern.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR
The creator analyzes several stocks including QQQ, SPY, NVDA, TSLA, AMD, and PLTR, focusing on technical indicators and price action. While noting potential bullish signals and opportunities, the creator emphasizes the importance of confirmation and risk management, particularly around upcoming earnings and market volatility. The creator expresses a preference for high-beta stocks like AMD and PLTR when indices are near support levels.
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Tickers discussed in this post
AMD is near a critical support area around the 200s and has a hammer candle pattern, suggesting a potential reaction, but needs to break resistance at $200-$205 for a rally, while a break below 194 could lead to the 170s.
Tesla is in a sideways correction and congestion on the 1-hour chart, below the 21-hour EMA, with a triangle pattern forming; a breakout is needed for a clear trading opportunity.
Nvidia is showing a bottom signal above the 21-day EMA and 184-185 levels, with potential for a bullish pivot and retest of higher levels, but earnings in 5 days make it untradeable for swing trading.
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