Mag7 Tech Stocks - Edition #18
Not much has changed here, we're still in no man's land. Roundhill Magnificent Seven ETF needs a break either side to have better confluence on the tech stocks trading direction. Do take in mind precious metals like gold, silver and the new era store of value, Bitcoin, are currently on an uptrend.
Nvidia (NVDA)
We now have an additional +8% profit from last week. Most profit has been taken at $140's and we are currently sitting at a no trade zone. We need to see a strong break above all time high for further upside.
Microsoft (MSFT)
Taking a bit too long to move but price seems to be holding well.
Apple (AAPL)
We are long on this one.
Weekly chart is looking strong, not the ideal close but looking like a bullish engulfing bar closing above previous highs so bulls peeking in on this one.
Tesla (TSLA)
Underwater -4% as price simply puked on everyone. We are currently holding onto this one as more than likely price will be filling the huge fair value gap left in the upside. We'll be monitoring this one and any sign of weakness we see we might just manually exit at a loss.
Weekly timeframe's showing possible continuation downwards toward $200's.
Amazon.com (AMZN)
Standby on this one but price's looking like it wants to break above resistance.
Meta Platforms (META)
Standby on this one, retrace on its way.
Alphabet (GOOGL)
Standby for now, not appealing price action, looking weak right now.
Previous report HERE:
Luis Ricardo Guizado
Disclaimer
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