Simple TA for SPY, AAPL, TSLA
SPY - Honestly, i dont see alot of support all the way till 360. Bulls need to reclaim 380 and hold a few days, else it’s very bearish.
Apple - super huge resistance between 158-160. Personally, i wouldn’t go long if the price is anything below this range.
Tesla - Psychological support at 300. If this fails, and market continues to be weak, there is a high chance we will fill the gap at 289-290. Upside wise.. it can bounce and rally all it wants, I wouldn’t bother chasing, YET.
More info in the video below:
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Moomoobo : Could you review and comment on Qualcomm?
Cow Moo-ney OP Moomoobo : I don’t follow Qualcomm, therefore I cannot comment much on the company’s fundamentals. By purely looking at the technical chart, it looks weak to me. It’s currently sitting near a support range - 118 to 121. This zone is quite critical in my opinion, and it’s also a strong support. I would be very careful if it gets breached, as the next meaningful supports are 105 (weak one) and 90 (slightly stronger one). These are not financial advice. Do your research too. Good luck!
Macdonell J : Now tesla price has reached the support level that you referred to. How much lower can it go from here?
Cow Moo-ney OP Macdonell J : I am not sure how low it can go. But I can share my plan - personally I am waiting for it at 260s or 250s range. I’ll keep a look out for 285 support. If 285 gets breached, the probability of it flushing to 260s is high. Personal view, ain’t financial advice ok.
On the upside, 200 MA and 300 price point are key levels. If Tesla can stay above this 2 levels for a significant amount of time, I wouldn’t be surprised even if it rushes to 340s. I will not be fazed, and I will not chase, unless otherwise stated/proven.
Sharing key support (on the downside) and resistance (on the upside), as well as my plan here. Hope it can value add to your research. Again, this is not a financial advice alright. Cheers
Moomoobo Cow Moo-ney OP : Thanks bro for your sincere reply! You are indeed humble and willing to share :)
Cow Moo-ney OP Moomoobo : You’re most welcome![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Cow Moo-ney OP toomanyscammers : Nope, not saying it can’t go higher. 158-160 presents a huge resistance for Apple
Cow Moo-ney OP toomanyscammers : Not a lot of support levels from 380 down to 360
toomanyscammers Cow Moo-ney OP : don't understand "presents a huge resistance" ...
Cow Moo-ney OP toomanyscammers : I wouldn’t dare to use the word “crash” - sensitive word haha. But yeah, usually when there isn’t much support from one point to the other, the chance of it going down / up from the first level to the other is higher
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