Apple & other stocks fall!!!
Analyzing Recent Stock Movements: Apple, Tesla, Nvidia | Dr. Stock
Dr. Stock: Hello and welcome back! If this is your first time here, I'm Dr. Stock, a doctor of education. In this video, we're going to discuss some stocks that have lost support recently, particularly focusing on Apple, Tesla, and Nvidia. We'll dive into their price movements, potential support and resistance levels, and strategies for navigating these market conditions. So let's get started!
[Apple Analysis]
Dr. Stock: Let's start with Apple. If we take a closer look at its chart, we can see two red candles below the 50-day moving average, which used to be a strong support but has now turned into a resistance. We've noticed a series of peaks forming, dating back to the end of 2021. This suggests that the stock might settle down around $168, which would be about a 5% drop from its peak. However, considering its current price, there's still room for a potential drop of a little over 5%. I've taken this opportunity to employ dollar-cost averaging, gradually investing as the stock price falls. This approach is especially suitable for a company like Apple, with its enduring presence in the market.
[Tesla Analysis]
Dr. Stock: Now let's shift our focus to Tesla. The stock is currently within a bullish channel, and I anticipate some price softening. While a drop to around $215 per share is possible, it would likely require significant market sentiment. Tesla has been holding onto its 50-day moving average, which provides support around $280 per share. I remain bullish on Tesla's long-term potential, and I'm also utilizing dollar-cost averaging to capitalize on its fluctuations.
[Nvidia Analysis]
Dr. Stock: Moving on to Nvidia, we've observed a break out of its bullish channel due to bearish divergence, where price rises while momentum falls. This led to a dip below the channel. A potential move down to the 50-day moving average at around $428 - $430 per share is conceivable, especially considering profit-taking leading up to earnings.
[Market Outlook and Catalysts]
Dr. Stock: The market is awaiting a significant catalyst – the Consumer Price Index (CPI) release. This will likely impact market sentiment and movements. I'm cautious about making big moves before the CPI data, as it could steer the market in various directions. While we've seen positive signs in recent market sessions, the CPI remains a key factor to watch.
[Engagement and Community]
Dr. Stock: I encourage you to engage with me and the community. Feel free to leave comments, join the Discord channel, and interact on Patreon. Our collective insights contribute to a richer understanding of the market and enhance our trading strategies.
[Closing Thoughts]
Dr. Stock: Remember, this content is based on my analysis and opinion, not financial advice. Always conduct your own research and consider consulting a financial advisor. Thank you for watching, and stay tuned for more valuable insights. I'm Dr. Stock, and as always, remember that learning is earning. See you in the next video!
Dr. Stock: Hello and welcome back! If this is your first time here, I'm Dr. Stock, a doctor of education. In this video, we're going to discuss some stocks that have lost support recently, particularly focusing on Apple, Tesla, and Nvidia. We'll dive into their price movements, potential support and resistance levels, and strategies for navigating these market conditions. So let's get started!
[Apple Analysis]
Dr. Stock: Let's start with Apple. If we take a closer look at its chart, we can see two red candles below the 50-day moving average, which used to be a strong support but has now turned into a resistance. We've noticed a series of peaks forming, dating back to the end of 2021. This suggests that the stock might settle down around $168, which would be about a 5% drop from its peak. However, considering its current price, there's still room for a potential drop of a little over 5%. I've taken this opportunity to employ dollar-cost averaging, gradually investing as the stock price falls. This approach is especially suitable for a company like Apple, with its enduring presence in the market.
[Tesla Analysis]
Dr. Stock: Now let's shift our focus to Tesla. The stock is currently within a bullish channel, and I anticipate some price softening. While a drop to around $215 per share is possible, it would likely require significant market sentiment. Tesla has been holding onto its 50-day moving average, which provides support around $280 per share. I remain bullish on Tesla's long-term potential, and I'm also utilizing dollar-cost averaging to capitalize on its fluctuations.
[Nvidia Analysis]
Dr. Stock: Moving on to Nvidia, we've observed a break out of its bullish channel due to bearish divergence, where price rises while momentum falls. This led to a dip below the channel. A potential move down to the 50-day moving average at around $428 - $430 per share is conceivable, especially considering profit-taking leading up to earnings.
[Market Outlook and Catalysts]
Dr. Stock: The market is awaiting a significant catalyst – the Consumer Price Index (CPI) release. This will likely impact market sentiment and movements. I'm cautious about making big moves before the CPI data, as it could steer the market in various directions. While we've seen positive signs in recent market sessions, the CPI remains a key factor to watch.
[Engagement and Community]
Dr. Stock: I encourage you to engage with me and the community. Feel free to leave comments, join the Discord channel, and interact on Patreon. Our collective insights contribute to a richer understanding of the market and enhance our trading strategies.
[Closing Thoughts]
Dr. Stock: Remember, this content is based on my analysis and opinion, not financial advice. Always conduct your own research and consider consulting a financial advisor. Thank you for watching, and stay tuned for more valuable insights. I'm Dr. Stock, and as always, remember that learning is earning. See you in the next video!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Doctor of Education, long-term investor, & stock trading enthusiast researching the markets and making decisions.
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