Some Technical Areas For Tesla, Apple & Alphabet
Hi,
A little guide for you about Tesla, Apple, and Alphabet. Pointed out some key areas from where to take out some profits or if you are interested in some sort of stocks then a couple of scarious from where you can jump in. Not an idea post, more like an analysis but still, it should give you a little picture about them.
Tesla (TSLA)
Recently the Tesla stock has been respected by technical analysis quite nicely. Several calls have worked almost perfectly and short-term targets are reached fairly easily.
Currently, for me, the Tesla stock is in the middle of nowhere. My previous short-term target was around $300 and it has been reached, so I will wait for further price action. If the price goes above $300 then I will consider it as a breakout and I need to see a price action above that to make a decision.
The sweet spot for me is the $190-$220. If the price reaches there then I'm ready to take it but we need to see a quite good selloff - let's see.
So, if you are not in Tesla then wait for a breakout above $300 which can confirm further growth, or wait for a pullback/selloff to the mentioned lower price zone.
Apple (AAPL)
This year has been quite good for Apple, the gain from the bottom is 58%. In the first week of 2023, it bottomed and after that, very solid and consistent grind to higher levels - a new all-time high has reached.
If you are on it then short-, and mid-term investors can think about taking some profits because it has reached to the round number of $200. The round number can act as a resistance level and the price can be stuck there for a while or it can get a rejection to downwards. So, if you don't have a long-term plan with AAPL then there is a place to take out some profits.
If you don't have any Apple shares then you should wait. Firstly, how the $200 act and wait for the price action. If it gets a pullback then you can grab it from the previous highs which now start to act as support levels. These are not the strongest areas but at least you have something to stick with because to buy it from the current price can be quite a huge mistake considering short-term investment.
So, if you see a pullback then be ready to act around 170 to 180 dollars, and the strongest price zone is around ~$150.
Alphabet (GOOG)
Technically the last weekly candle close was a small breakout. $126.5 has been a minor horizontal price level. This level has been a short-term support level and a couple of months ago it acted, and stopped the price, as a resistance. Now, we have this level "smashed" with quite a solid weekly candle and if you are interested then technically you have a light-green light to take it during the retest of ~$126.
Stay cautious after you have seen a monthly or weekly close below this level.
Regards,
Vaido
A little guide for you about Tesla, Apple, and Alphabet. Pointed out some key areas from where to take out some profits or if you are interested in some sort of stocks then a couple of scarious from where you can jump in. Not an idea post, more like an analysis but still, it should give you a little picture about them.
Tesla (TSLA)
Recently the Tesla stock has been respected by technical analysis quite nicely. Several calls have worked almost perfectly and short-term targets are reached fairly easily.
Currently, for me, the Tesla stock is in the middle of nowhere. My previous short-term target was around $300 and it has been reached, so I will wait for further price action. If the price goes above $300 then I will consider it as a breakout and I need to see a price action above that to make a decision.
The sweet spot for me is the $190-$220. If the price reaches there then I'm ready to take it but we need to see a quite good selloff - let's see.
So, if you are not in Tesla then wait for a breakout above $300 which can confirm further growth, or wait for a pullback/selloff to the mentioned lower price zone.
Apple (AAPL)
This year has been quite good for Apple, the gain from the bottom is 58%. In the first week of 2023, it bottomed and after that, very solid and consistent grind to higher levels - a new all-time high has reached.
If you are on it then short-, and mid-term investors can think about taking some profits because it has reached to the round number of $200. The round number can act as a resistance level and the price can be stuck there for a while or it can get a rejection to downwards. So, if you don't have a long-term plan with AAPL then there is a place to take out some profits.
If you don't have any Apple shares then you should wait. Firstly, how the $200 act and wait for the price action. If it gets a pullback then you can grab it from the previous highs which now start to act as support levels. These are not the strongest areas but at least you have something to stick with because to buy it from the current price can be quite a huge mistake considering short-term investment.
So, if you see a pullback then be ready to act around 170 to 180 dollars, and the strongest price zone is around ~$150.
Alphabet (GOOG)
Technically the last weekly candle close was a small breakout. $126.5 has been a minor horizontal price level. This level has been a short-term support level and a couple of months ago it acted, and stopped the price, as a resistance. Now, we have this level "smashed" with quite a solid weekly candle and if you are interested then technically you have a light-green light to take it during the retest of ~$126.
Stay cautious after you have seen a monthly or weekly close below this level.
Regards,
Vaido
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