Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / ASML / NIO #Finance

once again we see the market continuing its uptrend in fact the Spy has made a new alltime high today making an impressive reaction rejecting any previous possibility of a top signal however this afternoon we see many stocks losing momentum which makes the situation a little complicated so

in this CashNews.co we’re going to see what’s going on over here what to expect next and how to proceed my name is Nathan you you are watching the Finance hyra

Channel where we talk about every single day technical analysis price action statistics and much more let’s analyze let’s study the market together welcome or welcome back to another CashNews.co now as we can see here the Spy is materializing a bearish Candlestick pattern but Nathan we

made a new alltime high today yes that’s fantastic however today’s candle is still bearish right now the price is roughly on the break even all right relative to yesterday’s close but uh when we take a look at the 1hour chart for instance the B trend is clearly intact we still see

a series of higher highs higher lows we are still trading above the 21 Day EMA the 21 Day EMA I’m so sorry the 21 hour EMA the exponation moving average over here so the trend is still clearly intact all right however we see a bearish Candlestick today could this be a top signal well of

course it could however spy needs to trigger this top signal and the the most important thing of all as long as the bias as long as the trend remains bullish on the 1our chart we are not going to see any pullback on the daily chart Nathan what if we see a pullback on the daily chart in the in the

next few days the 574 along with the 21-day EMA will be a very strong double support area any pullback to this key Point could be just another buying opportunity because we are still in a bull trend on the daily chart the bias is clearly bullish and as you guys know me I always advise to not fight

the trend therefore any pullback could be just another buying opportunity if we see a bottom signal triggering near this support level all right so there are many conditions that spy needs to met in order to materialize a pullback and then another bullish continuation chart structure but Nathan

what if the Spy loses this double support level then we’re going to see pullback on the weekly chart possibly to the 565 or in the worst case scenario to the 21 we EMA down here all right so let’s for now let’s walk watch the 574 area very very closely meanwhile we see the QQQ

unlike the Spy the QQQ couldn’t materialize a new alltime high today in fact we are quite far away from the $500 so uh this one is clearly less bullish than the Spy however we are struggling around a very important resistance level 493 the previous Gap resistance level which did act as a

resistance level one 2 three four times over here right now we are stabilizing around this key point is the trend bullish or bearish it is clearly bullish why because we are doing higher highs higher lows we are still above the 21-day EMA which is still pointing upwards by the way so everything

here indicates that from a technical point of view midterm speaking we are in a bull Trend long-term speaking we are ALS Al in a b Trend we are inside this ascending Channel we are above the 21 week EMA however if we see a top signal over here as far as I know any pullback to the 21 week or maybe

even in the worst case scenario to the support line of this ascending Channel could be an acceptable pullback not surprising not scary at all however we should be very very careful because although it is not going to be enough to reverse the long-term Trend it is annoying to see the KQ dropping

more than 7% all right so for now let’s watch this support area the first one is the 21-day EMA by losing this moving average then the situation will start to look more complicated but the most important support level to me is the 477 the previous bottom level over here all right so by losing

this key point point the Spy will materialize will frustrate the idea of higher highs higher lows making a new lower low in this case we may see a midterm reversal and how this is going to affect our stocks for instance we see Nvidia this one over here is making is making a bearish reaction yes we

did a new all-time high on Nvidia $489 just a few cents above the previous alltime High high from from June this year over here we did a new record high so congratulations to Nvidia however we are materializing a bearish Candlestick pattern today which could be a top signal as far as I know this

top signal has a name it is called shooting star Candlestick pattern which is a quite reliable reversal Candlestick pattern however it needs to trigger this pattern first if we do see Nvidia triggering a top signal below the alltime high resistance level we could see very easily a pull back to the

130s again which is near which is very close to the 21-day EMA over here all right any pullback to this area is not going to be enough to actually reverse the bullish bias but uh we should be very careful in this area because we are talking about a pullback of roughly 7% over here all right so yes

let’s watch out this shooting star Candlestick pattern and guys to learn more about technical analysis and how to trade each of the patterns we see in this CashNews.co well you can join our educational project the 5% project and learn to trade in practice with us every single day it’s

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website link in the CashNews.co’s description all right now regarding Tesla this one is still moving sideways it is going to report earnings in six days next week therefore the volatility will certainly increase next week but for now we are just stabilizing the price over here when we take a

look at the 1our chart we see nothing more nothing less than a series of candlesticks side by side now the 21-hour EMA is acting as a quite reliable resistance level for Tesla suggesting that there is still some bearish pressure over here and the AMD is also looking very bearish we are still below

the 21h hour EMA I’m so sorry the 21 day EMA and of course the 21-hour EMA over here as well acting as a quite reliable resistance level for AMD do we see any bottom signal no but Nathan we are very close to the 158 support level if AMD reacts over here that would be fantastic right yes it

would however there is no technical evidence suggesting that it is going to react all right there is no bottom signal over here in this scenario in the absence of a bullish reaction our next technical Target is the next technical support 148 paler is also correcting when we take a look at the 1hour

chart we see the 21-hour EMA acting as a resistance level as well however on the daily chart we are still very bullish suggesting that in the past few days we have been just correcting all right if we see a bullish reaction above the 21 Day EMA or maybe even above the $38 over here okay the bullish

bias will remain intact paler will probably seek the all-time high Next Period however if we lose this double support level these two support levels we may see a top signal on the weekly chart below the $45 just like Nvidia could materialize a top signal on the daily chart below the alltime high

which would be very annoying which would suggest a sharper correction palter is also on the verge of materializing a top signal on the weekly chart that’s quite problematic because any any bearish reaction over here could take us back to the 21 week which is right now right now around $32 so

let’s watch out let’s be aware of these two key support levels on the daily chart because it all depends on how paler will react above these two key points and the asml this one you guys have been asking me to analyze this one this one dropped a lot over here after earnings right now we

are trying to stabilize okay fantastic but uh is this a reliable bottom signal well it is a quite dangerous one okay it is not a very good one in fact when we take a look at the weekly chart we see a few massive bearish Candlestick patterns over here and that just like paler poener I’m so

sorry asml rejected this bearish Candlestick pattern over here uh this one could reject this week’s candle as well however we got a break and close above this week’s High along with the 21 week EMA and then and only then asml will actually turn bullish longterm speaking so far we are

just collapsing we don’t see any meaningful bottom signal yet but but Nathan we are right around the previous support level near $700 yes we are but there is no technical evidence suggesting a bottom signal yet we could see yes we could but so far there is none if we see one great asml could

reverse the trend we could seek the alltime high next but so far the situation is still quite delicate and if you ask me this reaction is not even a very scary one because uh because when we when when this one reported earnings in July this year we dropped 12% right now we are dropping 16% we

dropped 16% after earnings so it is not unusual to see this company dropping that much after earnings all right so I don’t see this as an uncommon situation but uh we could see an opportunity if we see a bottom signal confirmed around here Neil is also collapsing all right this one collapsed

from the $7 to the $5 30 33% drop all right it is a massive drop however we are on the verge of retesting our next technical support level $4.97 if we materialize a bullish reaction Above This bottom signal we are going to trigger a bounce we are not actually going to reverse the trend but we may

see a bounce again to the 1 day EMA or maybe even to the 605 again but uh so far no meaningful bullish reaction if we see one well the timing couldn’t couldn’t be better because we are right above the 21 week EMA over here so could we see a bottom signal in the next few days yes the

timing would be perfect however there is no bullish reaction yet of course I’m going to keep you guys updated on this channel every sing single day so if you still watching this CashNews.co and you are not a subscriber well I invite you to subscribe because I’m here every single day

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