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Quick Thoughts (16 Jun)

Recap on 15 June’s post:

$Tesla (TSLA.US)$ - needs to go above 700 and 746 - update: tested 700, and got rejected. Closed right below 700

$Apple (AAPL.US)$ - needs to go above 136-137 and 140 - update: kissed 137 briefly, and went back down to close at 135.

$Microsoft (MSFT.US)$ - needs to go above 260 and 270 - update: pushed till 255, and went back down to 251

$Meta Platforms (META.US)$ - needs to go above 200 - update: nowhere near 200. Lack buyers.

$NVIDIA (NVDA.US)$ - needs to go above 190 - update: no where near 190. Lack buyers

Seems like those that tested the resistance levels got rejected, while others weren’t even near.

Anything below the above price points = bearish. At this point, investors may consider selling the rip or shorting the pop - it’s entirely one’s call. But please note that this is not a financial advice. - Update: Pre market is looking red, seems like investors who had sold the rip or shorted the market when it rallied yesterday, could potentially profit today

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For today (16 Jun), the price levels that I have mentioned above still stand.

Pre market is not an accurate indication of actual trading hours. Hence, if there is a rally later, look out for those prices that I’ve mentioned above again. If it goes down, check out my video below for price areas that I am considering to enter.

Once again, what is written here shouldn’t be construed as financial advice.

Lastly, I don’t have a crystal ball, so I don’t know if the market will rally or fall today. Let the MMs go first, look out for the resistance and support levels, and invest / trade according to your plans

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Successful investing is about managing risk, not avoiding it. DYODD Support my YouTube channel: Jay el
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