After earnings TSLA is trapped under the 200 Daily SMA. While the RSI is flashing oversold levels, a short-term bounce might be expected.
Under the 200$ level there is a confluence of important Fibs, as well as the vPOC. I am a long-term buyer between 185 and 195$.
Last time we saw the SPX getting that further away from the 200 daily MA, we saw a strong relief rally bounce.
Now we are approaching a similar range from the 200 daily MA and we saw one of the strongest buy days with big volume in the previous session.
First level to clear is the 3730-3780$ where we have a lot of issues:
1. POC
2. Gap fill that could act as a...
MSFT is approaching confluence of indicators that could act as a big support levels
1. Trend line from 2019 lows
2. 200 Weekly Moving Average
3. 50 Monthly EMA
4. 0.5 Fibonacci from 2019 lows
5. Volume POC from 2019 lows
I would look for reaction on those levels and buy in the boxed green zone between 200$ and 220$.
Microsoft has MOAT and I believe, is one of the...