Missed the Recent Rallies?
Don’t have to be too worried. Some basic analysis for Apple, Tesla, Nvidia, Google, Microsoft and Meta below.
Many stocks are overbought, so pullback is imminent. Hence it’s okay if you missed the last 3 days of rallies. Sharing some views for long term investors for upcoming week, but not financial advice:
Tesla - has to stay above $900 to be very bullish. But I think it may dip below $900 again next week. 850 n below range will be good moment to buy for Long position. Short term outlook and trend wise, it’s bullish per my previous post, so I’m not sure if it will go back to 700 - 600s range. So waiting for that next week is like waiting for durian to stop? Well, if it drops, so be it, am gonna load up more.
Nvidia - just like Tesla, break above downward channel. So it’s bullish at the moment. But it went up too fiercely, hence will likely pull back. As long as it doesn’t break below the recent lows, we are good. $210 to $240 seems a good range to enter for Long
Microsoft - similar to Tesla and Nvidia, broke above downward channel. Resistance around $310. I think it will get rejected and pull back. If the pull back doesn’t go below 270, we are good. Can enter between 270 to 280.
Apple - Still in short term downtrend channel. So likely we will have some buying opportunity next week. It needs to break above $165 - $167 to be bullish and to have a breakout to 170s. I think 150 will be re-tested - so can consider entering around this price range.
Meta Platforms - temporary bullish trend. Resistance at 220. May get rejected and pull back to sub 200 range. If it doesn’t break below recent low of around $186, then we are good. After 220, next resistance at 240 - but this is still some distance away, hence unlikely to happen next week. $190-$200 seems like good zone to enter. But if it breaks below previous low means still bearish. Proceed with caution!
Google - kept bouncing off 2500 shows that 2500 has a strong support. It’s on short term downward trend, so if you’re keen to load up, low 2500 can be a buying opportunity
Market is very volatile recently. I still believe that’s one more leg down. It may or may not go back to the recent lows. Do your own research and enter with caution. Cheers
Many stocks are overbought, so pullback is imminent. Hence it’s okay if you missed the last 3 days of rallies. Sharing some views for long term investors for upcoming week, but not financial advice:
Tesla - has to stay above $900 to be very bullish. But I think it may dip below $900 again next week. 850 n below range will be good moment to buy for Long position. Short term outlook and trend wise, it’s bullish per my previous post, so I’m not sure if it will go back to 700 - 600s range. So waiting for that next week is like waiting for durian to stop? Well, if it drops, so be it, am gonna load up more.
Nvidia - just like Tesla, break above downward channel. So it’s bullish at the moment. But it went up too fiercely, hence will likely pull back. As long as it doesn’t break below the recent lows, we are good. $210 to $240 seems a good range to enter for Long
Microsoft - similar to Tesla and Nvidia, broke above downward channel. Resistance around $310. I think it will get rejected and pull back. If the pull back doesn’t go below 270, we are good. Can enter between 270 to 280.
Apple - Still in short term downtrend channel. So likely we will have some buying opportunity next week. It needs to break above $165 - $167 to be bullish and to have a breakout to 170s. I think 150 will be re-tested - so can consider entering around this price range.
Meta Platforms - temporary bullish trend. Resistance at 220. May get rejected and pull back to sub 200 range. If it doesn’t break below recent low of around $186, then we are good. After 220, next resistance at 240 - but this is still some distance away, hence unlikely to happen next week. $190-$200 seems like good zone to enter. But if it breaks below previous low means still bearish. Proceed with caution!
Google - kept bouncing off 2500 shows that 2500 has a strong support. It’s on short term downward trend, so if you’re keen to load up, low 2500 can be a buying opportunity
Market is very volatile recently. I still believe that’s one more leg down. It may or may not go back to the recent lows. Do your own research and enter with caution. Cheers
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Shuseido : Nice sharing.. couldn't agree more on those price range.. hope got chance to at least open the "war chest".. now already put in safe.. hahaha
Cow Moo-neyOP Shuseido: Haha I hope so too!
Cow Moo-neyOP Shuseido: I just realised i didn’t add Googl in my initial post. Just added. I thought to tag you as i recalled you also wanted to buy @Shuseido
PandaMoo : While my gut saying these coming few weeks will be great (seeing more stable condition and msrket sentiments are recovering)... why I saw some analysts say we are in the bring of huge crash?
Any insight to share, bro?
Cow Moo-neyOP PandaMoo: No insight
I only know there will be a high probability of pull back next week. Anyway some say recession is looming, which will definitely impact the stock market for a while
PandaMoo Cow Moo-neyOP: ooooooo.. creepy...
pilotshook : Except FB, the rest are pretty safe.
Shuseido Cow Moo-neyOP: Yes! Thanks bro..
Indeed 2500 is my 1st target price. Will observe and might have to adjust accordingly.
Valery S : Impressive sharing. Thks.
Cow Moo-neyOP Valery S: You’re welcome
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