Mag7 Tech Stocks - Edition #17
Prices across the stock market seems to be holding but the question is, FOR HOW LONG? The Roundhill Magnificent Seven ETF $MAGS do not want to fall and seem to be holding well. It is currently trading within a range. Risk on upon a strong break above and risk off upon a break of the lows.
Macro still remains bullish so in case we get the ideal retrace this will be a perfect time to position ourselves in the market.
Nvidia (NVDA) - bullish
✅ +14% additional profit from our long re entry from last week's signal.
Now what? Stock looks like it wants to keep going, bullish market structure remains and has just been re-confirmed. Ideal re entry should stand around $120's.
Tesla (TSLA) - bullish
We are still waiting for our re entry here.
Amazon.com (AMZN) - bullish
🚫 -1.6% loss here. Might have been too aggressive of an entry but no problem, small loss and on to the next one. Our second and ideal long entry still stands at $170's lows.
Microsoft (MSFT) - bullish
Alright so we are in! Hoping to see a strong reaction asap.
Meta Platforms (META) - bullish
Can't get my mind around this one, it keeps showing strength. Last week weekly close closed with a bullish engulfing bar meaning there is still gas left to continue the trend. Any retrace toward mid to low $560's is a buy as long as price quickly jumps back above the $565.
Alphabet (GOOGL) - bullish
🚫 -1.4% loss here, no problem worth the risk.
This week's weekly close will be crucial, if we close above $163 we'll look for a re entry. If we close below then ciao bella, rather stay out of this one as we might be in for a bigger retrace.
Apple (AAPL) - neutral
Not getting scammed again, bullish upon a break above $233.
Previous report HERE:
Luis Ricardo Guizado
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