Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / META / MU

[00:00:00] Speaker 1: Alright, so today we see an explosion, many stocks are performing insanely well while we see the SPY breaking and leaving the previous all-time high resistance level behind. So now, many questions, right? I mean, is there still time to buy stocks or is it too late? How to proceed from here? What are the next opportunities we see around? Well, that's precisely what we're going to talk about in today's video. Welcome to the Finance Hydra channel. My name is Nathan. We are here every single day, every single day, talking about many stocks together, analyzing the stock market together, identifying the best opportunities together. Welcome to another daily update. So today we see the SPY breaking the previous all-time high, making a fantastic bullish candle, and it is funny because the previous all-time high near the 760 was today's support level. So we found a support level right here. We did open very close to this key point, right? We found a support level right here before going up again. So we see a major breakout of this congestion because the SPY was still inside this consolidation since May, okay? May this year, right? So for many months, during all this time, we saw the SPY finding support level over here, resistance over here, support here, resistance, support, resistance, support. Now we are finally breaking the previous resistance level. So now we have something new. Apparently, the SPY want to fly because the broad market is very optimistic. When we take a look at the QQQ, this one is still relatively far away from the ultimate high, which is at the 748. However, guys, apparently we are heading there. I told you guys yesterday, guys, we are right near a double resistance level made by the 21 DMA and the 696. There is no major, insanely powerful breakout yet. So if we see tomorrow a bearish candle closing below this key point, we may see another top signal. Well, this scenario did not materialize. Now we are leaving this double support level behind. And even if we see another pullback, guys, if we see another pullback, because you may ask me, Nathan, what if we see the SPY, QQQ, losing momentum tomorrow or in the next few days? If we see that going on, we have the 21 DMA on the QQQ and the 696 as a possible, as a plausible support area. Any pullback could find a support level right here before bouncing off again. Similarly, the SPY could easily find a support level near the previous resistance level, because that's how the principle of polarity in technical analysis works, right? Previous support levels will work as future resistance levels and vice versa. Therefore, and apparently the SPY found a support level right here today. Okay, so even if we see a pullback, we may just retest the support level before bouncing again. Only if we see another catastrophic loss of this double support level on the SPY and of this double support level on the QQQ, we may see a technical frustration of this bullish bias. In this case, such movement would be extremely thresholds, all right? But for now, guys, apparently, we are maintaining the uptrend. It is still intact. We are in bullish territory. The only thing missing over here is a clear higher high, higher low. That's why I'm telling you, if we see another pullback, I'm not going to complain. Because maybe that's just the beginning of a clear higher high, higher low, a technical bullish reversal chart structure. So, we shall not panic if we see another pullback because we are still above a few support levels. And how this is going to affect our stocks, you might be wondering. Well, NVIDIA, for instance, is simply flying. Exploding since we found a support level right here above the 189, which was a very nice support level, by the way. A gap support level, right? This purple trend line down here. After confirming bottom signal, now we are approaching our next technical resistance level, which is my target. Okay? I have a target at 214. We hit this target in the post market, by the way. Now NVIDIA is at 215. So, that's amazing. Apparently, we want to break the 214 resistance level. And if that happens, if this breakout actually materializes tomorrow, we may easily see NVIDIA back to the 236 up here, which is going to be our next resistance level. Of course, we may see pullback here and there, okay? But overall, NVIDIA looks extremely optimistic. I gave a call to buy NVIDIA down here, near our support level on our Telegram channel. Now it is breaking our target. The last time we bought NVIDIA was here, for the very same reason. Pullback to our support level, hammer candle pattern, and then we set a target at 214. We hit over here. Now we bought over here again. And right now, maybe we're going to sell up here again. I don't know yet, because NVIDIA is a very promising stock. We could see this one performing very well in the next few days, possibly heading to the 236 again, right? So, guys, these are the most important key points to watch on NVIDIA 214 and 236. If NVIDIA confirms a breakout tomorrow, closing above the 214, then okay. Then I see NVIDIA easily back to the 236 before earnings report in 22 days. Now, even if we see pullback, let's not panic, because we may see just another harmless pullback on the one-hour chart. Any pullback to this 21-hour EMA could be a harmless, totally normal movement. So, to me, NVIDIA, the overall outlook on NVIDIA is still very bullish. Unless we see a very catastrophic and very clear bearish reaction right near our 214 target level. So, if we see, like, a top signal, a bearish candle failing to break the 214, then okay. Then we may see frustration of this bullish perspective for now. But even so, I see NVIDIA at our target right now. So, to me, it is at least a partial sell, okay? Always sell when we reach our target. Guys, target hit, you must sell, at least partially, okay? Like, 50% of your position. And then you can hold the remaining of your shares just to see. Maybe we're going to reach the 236 again, right? Maybe. We don't know yet. If we see total frustration of this bullish perspective, all right, you sell your remaining shares. That's okay. You're going to still be a profitable trader because you bought near support level. And you're going to sell near resistance level. That's what we do every single day on our Telegram channel, for instance. And similarly, we bought Tesla together, right? I gave the call on our Telegram down here, right above the 297. Now, 297 was a previous support level over here, okay? Now, we're bouncing off. My personal target is 342, okay? We are not there yet. Maybe we will get there. Maybe we won't. I don't know. It's not important right now because what truly matters is how Tesla is going to behave on the one-hour chart, if you ask me. Because there is a rounded bottom chart formation, which is a very powerful bullish reversal chart structure, which, honestly, I don't like too much. Because every single time we realize it is a rounded bottom, it is always too late, okay? But to me, it feels more like a V-shaped recovery on the daily chart. Either way, I'm not even asking for a major, insanely powerful reversal. No, I'm just asking for another pullback to the 342. And I have to say pullback because Tesla, guys, Tesla is still bearish. We are still making lower highs, lower lows. Now, we are clearly below the 21 DMA. So, technically, we are still very bearish. I know, we are trying to make a very nice bottom signal on the weekly chart, which is fantastic. Maybe that could be the trigger for another better reversal. But for swing trading purposes, well, 342 has to be our next technical target, okay? Again, I always advise you guys to sell near our targets, okay? I mean, guys, I'm not an advisor, okay? I'm not here to advise anyone. I'm not saying, guys, you should buy Tesla. No, no, no. Right now, if you ask me, in my humble opinion, Tesla is now just going up. There is no clear bottom signal. We are far from support levels. So, to me, Tesla is not a buy right now. It was a buy down here, but not right now. Now is the time to hold Tesla until we reach our next technical target, period, okay? Then we'll see another possible top signal in this area below the 21 DMA, below the 342. could offer us another selling opportunity. But for now, Tesla is just a hold according to my style, according to my trading philosophy, which essentially relies on buying near support levels after we see confirmation of bottom signals and selling near top levels, resistance levels after we see a possible bearish reaction, period. It's very simple, actually. So, to me, we are just heading there, okay? We are heading there. We'll see if another top signal materializes, then it is going to trigger an alarming signal to us, Tesla investors, all right? Now, we see Lady Amy, Amy D. This one is collapsing in the post market, 8.85%, roughly 9%, okay? We are back to the $473 area, slightly above our support level over here, near the $464. Now, guys, now this is very important, okay? Because if you ask me, Lady Amy, maybe, maybe tomorrow, maybe the next few days, maybe we're going to see another buying signal over here, okay? And, guys, by the way, remember, if you want to trade with me, join our Telegram channel. There, you will receive, in real time, firsthand, the signals on the stocks we are actually trading. So, join us over there. We have more than 200 traders over there making money every single day, learning how to make, using technical net, learning how to trade using the technique in conjunction with risk management. So, I'm sure you're going to find valuable information over there. There, we can help you guys to trade professionally, okay? We trade like real professionals. So, again, link is in this video's description, all right? So, guys, Amy D. Could offer us another buying signal, depending on how it reacts near the support level, okay? Remember, buy near support levels, sell near resistance levels. Nathan, what if we see Amy D losing the support level without reacting? Then, possibly, we're going to reach the 400s, okay? And then, we'll see any bullish reaction near the 400s could offer us another buying opportunity, okay? But, for now, Amy D is not a buy. It is not a sell either. It is way too crazy. It is way too volatile. It is near support level, so it is not a sell. It is not reacting, so it is not a buy. I know it is near an inflection point, but either way, we have to wait for the confirmation of a bottom signal. And then, maybe, we're going to trade Amy D in the near future, all right? Now, we have Palantir. This one is exploding after earnings, 30%, okay? Simply 30%, and this is funny, because I told you guys, guys, by breaking the 136, well, our next technical target will be this area above the 160s, okay? This area over here. These lines, they are here for one reason, and usually, they work insanely well. Guys, I always like to tell that there is always someone in this channel, right, say, ah, guys, you know, technical analysis is not going to work, okay? It doesn't work when we see geopolitical events, Trump, etc., wars, etc., right? And I always say, it does work. It's because you don't know how to make it work, okay? Always blame the trader. Never blame the tool. And, guys, our lines, they are here for a reason, okay? And, again, they work very well. It is not a coincidence to see Palantir stabilizing near this area, because it is an inflection point. It is a resistance level. For some reason, Palantir failed to break this key point here, here, here, and now, here again. Why? I don't know. The whys are never important. All that truly matters is that we understand how to read what the smart money is doing. We don't have to know their reasons. We just got to know what they are doing. And this is, guys, if you know how to use these inflection points to your advantage, you have a very powerful tool in your hands. You're going to learn how to react accordingly using the technique in conjunction with risk management to mitigate your losses and maximize your profits on every single trade you take. Now, if you ask me, is Palantir a buy right now after going up 30% near a resistance level? No, guys, it's not a buy. And I'm not even saying that Palantir can't go up, because it can. But what truly drives us in this market is risk-reward relationship. The risk is way too high. Even if we see a harmless pullback to our 21-day MA, we're talking about a pullback of 20%. So what's the risk and what's the potential reward? Because we see many other resistance levels above the current price, which could work as targets for Palantir. So assuming I can make this amount of money and assuming that I can lose this amount of money, well, that's not the ideal. So risk-reward ratio is what truly drives us in the market. It is never about our opinions. I think it can go up. So I'm going to buy. No, that's not important. Your opinion is not important. My opinion is not important. What is important is risk-reward relationship. If it is not making sense, it doesn't matter. If I believe Palantir could keep going up, the risk is way too high. So we don't trade. We don't buy. So Nathan, would you sell over here? No. But why not? Because there is no clear top signal yet. Ah, so Nathan, you are so annoying. You want to skip that? Yes, I prefer to trade other stocks. They are looking way, way easier right now. Near support levels, low risk, high potential reward. Okay? Very simple. Yes, I am that annoying. We have to be that annoying every single day. And especially here on this channel, right? Because we, our community is made of a few thousand people. We have almost 30,000 subscribers in this channel. So yes, I have to be extremely, extremely cautious in what I say, in what I am doing here in this channel. So yes, I am that annoying if you don't know me, by the way. And by the way, if you are still watching this video, subscribe to this channel. Clearly, you like TA, technical analysis. You want to learn how to design good strategies, right? You want to learn the most important inflection points in the market. We are here for you. We are here every single day. So you are invited to join us. Subscribe and click on the like button to support me as well. Your like is always, always extremely meaningful to me. So thank you very much for your audience, my dear friends. Now let's continue to our analysis over here. We have meta. This one is also exploding. Okay? And it is funny because after, let me, you know, let me change this line over here. Because we reported earnings. Right? And then meta did what I like the most. After reporting, after report earnings, this one collapsed. Okay? Collapsed 8%. That's not much, right? Yes, it is. We are talking about meta. Meta's beta is not that high. Let me, let me take a look. 1.84. So seeing meta collapsing almost 8%, it is a big deal. And we collapsed just to reach a support level down here. And then we made a bullish reaction. I gave the buy signal on our Telegram channel down here. Okay? Now we are going up. It closed our gap. Gaps work as magnets for the price when trends reverse. And this kind of resonates with what I just described on Lady Amy. This one is collapsing roughly 9% in the post market. By approaching a support level and by making a bullish reaction, maybe Amy D is going to materialize another opportunity pretty much like meta did a few days ago. Okay? In this case, yes, maybe that's why I'm telling you guys, let's pay attention to Amy D, okay? Because we may see a very nice bottom signal over there. Like we had on meta down here. We bought down here. And then our target was down here, up here. Now, okay, the trade was extremely successful. Now is the time to sell, at least partially. It could go up, okay? It could go to higher levels. We are trying to make a bottom signal on the weekly chart. Of course, I always advise to sell when we reach our targets. But anyways, we have the 21-day EMA as well up here. So, in order for us to see meta truly reversing, if you ask me, we got to see higher highs, higher lows. For now, we see only a rally. Swing traders like us can take advantage of such rally. But a major reversal, great reversal, would materialize only after higher highs, higher lows, okay? We got to see meta making a pullback and then reacting, respecting support levels. That would be the ideal. It is a very promising stock, but it is way too soon for us to say, ah, no, meta is going to reverse right now. No, it is still bearish. It is still below the 21-day EMA. It is pretty much like Tesla, okay? Below 21-day EMA, technically bearish. That's why I set a target over here in Tesla, okay? Because I don't know if this one will have the strength to reverse or not. That's why we are always extremely careful. That's why we set targets. That's why we set stop losses. That's why we are so meticulous in what we do every single day, okay? And by the way, guys, this Friday, this Friday, live stream in this channel. I always do live streams with the members of our Telegram channel, right? Every single Monday, but in this channel, I do open live streams every single Friday, okay? Every single... No, no. The first Friday of every single month, all right? Monthly live stream this Friday. I invite you guys to join us over there. You can ask me anything. You can... Most people, they ask me to analyze stocks, right? Nathan, analyze my stock over here. What is your opinion? If I bought over here, then what do you recommend, etc.? Well, I share my opinions, my insights, etc. But you can ask me anything over there, okay? So, live stream this Friday. I invite you guys to join us. Instead of making a video, it will be a live, okay? After the market closes. So, see you there, my friends. Now, Micron. This one is a very promising stock. We are not trading Micron right now, but I do see an inverted head and shoulders. Why am I not trading Micron? Because this inverted head and shoulders is way too inclined, okay? So, the neckline is like this, and then the pivot point is right here. It feels like it is a little too crazy for me, but at least we are reacting above a support level after closing this gap, right? Pretty much like NVIDIA did, okay? Almost closed our gap, reacted. Almost closed our gap, reacted. It is above my target again. That's fantastic. Now, Micron could make another similar reaction, but this one is actually closing its gap at 78.20. By breaking this candle's high, which is at 9.30.88, we're going to also break the 21 DMA and possibly make a bullish pivot point on the daily chart with a target at 10.35. That's where I see Micron, if we see such breakout. If we don't, if we see Micron failing to break this, these resistance levels over here, then, okay, possibly we're going to see another sharper correction all the way down to the 6.52 again. That's why we got to be extremely careful. That's why we should wait for another meaningful breakout. Either way, we're going to have our answer very soon. Either way, I'll be here every single day to keep you guys in touch in this channel. So guys, follow me. Join the Finance Hydra channel and join our Telegram channel. The link is in this video description. Thank you so much for your audience, my dear friends. Stay safe. See you tomorrow as usual. Bye-bye.