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

all right as is expected from an uptrend we see the market reacting well today and both spy and QQQ showing signs of strength just above their support points and this reinforces the idea of a bullish continuation and so far we have no technical evidence of a bearish reversal the only

problem is that this week many stocks will release their quarterly results and the volatility could make this scenario more complicated however as long as our key points our key support levels are respected there is absolutely nothing to worry so let’s see what we have here today welcome to

the Finance Hydra Channel my name is Nathan and here in this channel you will receive daily unbiased analysis we are going to talk every single day about spy kikq Nvidia

Tesla and more therefore you are welcome or welcome back to another CashNews.co another analysis now as we can see here spy is okay it is still clearly bullish we see right now finally we see a bullish reaction a bullish Candlestick pattern on the daily chart above the 21-day EMA the exponential

moving average which is still pointing upwards we are clearly above our major support level at 574 the previous top level which did act as a support level right here on October 23 therefore the situation is still under control we are still maintaining the bullish bias only if we lose these two key

support levels again namely 21-day EMA 5 574 only by losing these two support levels spy will officially reverse the midterm Trend the bullish buyers seen on the daily chart possibly triggering a sharper correction on the weekly chart making a top signal on the weekly chart Nathan what if we

respect these support levels then the trend will persist because us Charles da said this is Da Theory guys this is not Nathan’s opinions all right this is Da Theory Trends persist until a clear reversal occurs do we see a clear reversal right now no so the B Trend should persist they kill is

not only very bullish but uh we are breaking a very important resistance level at 498 apparently the $500 is another key psychological resistance level but uh by breaking the 498 the K is suggesting that it wants to seek our next resistance level the all-time high $53 by breaking these resistance

levels well the k k will just resume the bullish bias and the seek even higher levels so far today’s reaction is very promising all right yes it is and uh apparently we are making an upward breakout of this trap zone as I told you guys yesterday this seems to be another classic trap zone the

price is getting squeezed between the ascending 21 day EMA which is acting as a support level for the QQ and the resistance level at 498 M by making this upward breakout the QQ is telling us all right the blls are in the control of this situation we are supposed to seek higher levels fantastic

Nathan what if what if the KQ rejects this bullish case of yours and uh loses the 21-day EMA in this scenario we’re going to see a very frustrating reaction and uh we could possibly seek lower support levels like the 477 but again so far today’s reaction is indeed very promising and by

breaking and closing above Friday’s High which was a dragonfly I’m so sorry dragonfly do a gravestone do G Candlestick pattern a classic top signal by breaking and closing Above This top signal the cuu will officially reject any bearish possibility and the reinforce our previous idea

that this movement was just a shortterm pullback to the 21-hour EMA which is acting as a support level for the tax stocks index over here index ETF now how this is going to affect Nvidia because so far Nvidia looks quite resilient all right it does look quite promising in fact we are dancing around

the previous all-time high area near the $140 we don’t see a meaningful incredible breakout yet but uh we see another bullish reaction we are trying to reject yesterday’s bearish Candlestick pattern and by closing above the 140s again Nvidia will remain insanely bullish Nathan what if

we see a top signal getting triggered below the 140s then a pullback to the 21-day EMA is totally plausible acceptable if even desirable probably another buying opportunity all right in the worst case scenario we’re going to lose this moving average and seek the 130s again the previous top

level which is again acting as a support level right now another example of the principle of polarity in technical analysis now guys some people ask me is NVIDIA right now a good buying opportunity guys as as I always tell you I rather prefer to buy near near support levels all right byy near the

21 Day EMA byy near The 130s Bu when because the risk reward ratio is optimized near a support level all right but Nathan what if Nvidia continues to explode guys we can’t predict the future it is part of my personal strategy to buy near support levels sell near resistance levels when we are

near res resistance levels I start to think about selling my positions not buying more more Shares all right instead I would like to see an nid dropping as crazy as this sounds some people don’t understand this logic but uh even if you are bullish you can benefit from a

pullback right there is no right and there is no wrong over here as long as you have a crystal clear strategy as long as you have a very nice and solid trading plan and of course and guys if you are ready to take your trading to the next level with a proven strategy and individual guidance

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because Nvidia again dancing around a resistance level if we see pullback probably another buying opportunity if we don’t all right it will just continue its bullish momentum Tesla on the other hand conversely we see Tesla failing again in Breaking the 265 that’s quite annoying but uh

guys let’s not be surprised by this movement over here because we just last week we just exploded 22% all right 20 22% that’s just too crazy it is totally normal and expected to see Tesla losing momentum right now as far as I know we could easily easily drop all the way down to the 21

Day EMA over here the exponation moving average on the daily chart and still Tesla will remain bullish it will remain in bullish territory and again any any pullback could be just another buying opportunity yesterday we did we materialized a top signal called dark cloud cover Candlestick pattern

which as I always tell you guys here in this channel according to Thomas Wow’s studies it is a bearish reversal cantic pattern roughly 60% of the time it is not that much all right it is not that reli but uh it just appeared below the 265 so that’s totally okay to see Tesla dropping and

the meeting the 21-day EMA again all right so let’s expect this scenario is Nathan is there any chance that Tesla will recover from here and break the 265 again yes of course the bias is still insanely bullish and uh this week well this week is earning season right many stocks will release

their quarterly results so the volatility will certainly increase over here and this could help Tesla all right it could help Tesla but uh so far there is not there is not a single meaningful bullish reaction suggesting a recovery or that this bearish reaction will get frustrated in the next few

days now unlike Tesla we see AMD exploding this one is going to report earnings in a few hours after the market close uh it is bullish it is very strong we don’t see any any bearish reaction there is not a single technical evidence suggesting that AMD will collapse from here but if if AMD

collapses again the 21-day EMA along with the 158 will be a technical support level Nathan what if we lose this dual support level 148 all right it is our next technical support level if AMD collapses to one of these two support levels fantastic Nathan what if what if AMD explodes tomorrow 174 is

going to be our next technical resistance level above the sky Point 187 and that the 187 is guys the 187 for AMD is the 265 for Tesla all right just as Tesla has a major inflection point at 265 and after earnings we exploded just to retest this resistance level and right now apparently we are

losing momentum again AMD could easily seek the 187 again all right so for now let’s pay attention to one of these key points AMD could be a very promising stock if it reacts properly around its inflection points meanwhile we see paler dropping zero point0 6% roughly we are on break even we

are struggling a lot around the the $45 if you ask me any pullback to the moving average or even to the $40 could be just another buying opportunity not a reason to panic at all any bullish reaction above these support levels will be just fantastic but if palter loses one of these key points we

could see a sharper correction on the weekly chart back to the 21 week EMA and then palter will materialize a very strong movement ahead right Nathan will paler break the 45 or the $40 next guys I don’t know I don’t have a palter in my hands over here trading is reactive not predictive

therefore we should for now pay attention to these key points and see how palent will behave next it is going to report earnings in six days all right if paler collapses fantastic probably another buying opportunity if it does do well it will continue the bullish momentum to higher levels period

now Neil this one guys some of you guys are panicking over here Nathan what about Neil Neil Neil Neil guys Neil just dropped to our support level 497 and we nailed this support level with an astonishing Precision by the way just 497 and right now we are bouncing again bouncing to what resistance

level this 6 05 which was the previous resistance level over here support level over here and the resistance level again over here so the $6 area is clearly a very dangerous resistance level for Neo we are dropping today about to retest the 21 Day EMA on the 1hour chart we are about to retest the

21h hour EMA so if you ask me there is a decent chance for Neo to recover over here but uh we need to see a very good meaningful bullish reaction tomorrow closing above both moving averages on the hourly and daily charts and then we’ll see a nice bullish reaction in Neo over here suggesting a

breakout of the $6 and the in this scenario Neo could seek higher resistance levels like the 644 or even the $771 cents up here all right only time you will tell the direction of the next breakout if NE loses these support levels the moving averages I just described to you 497 again all right this

is it arm Holdings is going up nicely it is it is above a trend line over here which seems to be it could be a channel right yeah it could be an ascending Channel if you ask me we are trying to seek higher levels like the 173 over here the previous top level from July this year there is no

technical evidence suggesting otherwise however it is going to report earnings next week therefore we should be aware because the volatility will certainly increase so far we are bullish the momentum is still bullish there is no reason to panic there is no reason to believe arm Holdings will drop

again or frustrate the bullish bias of course I’m going to keep you guys updated every single day in this channel therefore if you are if you’re watching this CashNews.co and you’re not a subscriber dude this CashNews.co is almost over you like it the content so come on subscribe

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