QQQ reached a very trick position today. What we need to look for on Thursday is that, whether it will break above the trend line and stay bullish, or get rejected by the trend line and become very bearish. If it stays bullish, watch for some levels above that will possibly be tested. If it reverses to bearish momentum, it will find solid support at 450-445.
NVDA broke two bearish trend lines in the past couple of days. This is a strong indication of a bullish momentum. Several key levels to watch for, as being marked in the chart. Let's see which levels will be tested before it reverses to a downtrend again.
TSLA TSLA is possibly on its way to retest 100D EMA and 200D EMA before further downtrend. Important levels to be watched for, 273, 300, 325.
According to my technical analysis, NVDA is on its way of retesting 100D EMA, 200D EMA and complete the head-and-shoulder pattern. This retracement is possibly stop at 127-130. Once the retest is complete, further correction will follow. I marked the possible gaps that needs to be filled, the nearest gap first. However, depending on the macro market environment...
NASDAQ:TSLA Not much needs to be said. The continuous decline of Tesla's global sales and the negative political influence from Elon Musk on Tesla have determined this stock is going down.
NASDAQ:NVDA Read this chart together with the QQQ chart I just published. Both the index and individual stocks are preparing for further correction, very likely a free fall. This updated analysis also proved my previous analysis on NVDA a few days ago. NVDA is likely pull back to 128, drop to 118, retest 200 EMA, then further down to 108. 108 will be a good...
NASDAQ:QQQ AMEX:SPY NASDAQ:NVDA NASDAQ:TSLA This is the QQQ chart. On the monthly, a head and should pattern is forming. Look at the left and right side of the purple box. The index is preparing for a free fall. QQQ's support is at 485. NVDA and TSLA will sync with the index. Plan ahead.
I get the point why TSLA became bullish in the past few days. RSI reset and people's expectation on AI and FSD technology. However, Tesla also needs to convince investors with growing revenue and earnings. With its sales tanking globally and its brand name becoming trashy due to Elon's strong far-right political position, I really don't see any upside for this...
NASDAQ:NVDA 2025 PE prediction is $2.77. 35X equals $97. 40X equals $110.80. 50X equals $138.50. 2026 PE prediction is $3.98. Do your calculations and make strategies wisely.