Tesla (TSLA) has managed to consolidate some over the last seven trading sessions, after getting a sharp rejection at the declining trend-line. However, if this consolidation leads to a downside break, I fully expect a retest of declining support in the 360's.
Oracle (ORCL) has pulled back over 68% in the last 10 months, but during that stretch it has found consistent support just below the 140 mark.
Dell Technologies (DELL) chart is really a thing of beauty - ideal continuation pattern , and starting to break out of it here today.
Nvidia (NVDA), even with its head and shoulders pattern, simply refuses to break below that all-important moving average and the support that goes along with it.
Micron (MU) has pulled back to its rising trend-line going back to late April. The issue with some of these trend-lines is the reliability behind them, and the short-term nature of all of them, due to the parabolic nature of the stock. Semiconductors are seeing massive swings as a sector, and MU is one of
Netflix (NFLX) bouncing not only off of the 200-week moving average, but also off of its long-term trend-line going back to '22.
Nvidia (NVDA) is doing a solid job of holding support as well as the 200-day moving average. However testing the neckline yesterday, there's been some rejection in price, which could indicate there's more room for downside on the head and shoulders pattern. Ultimately the bulls are going to want to see the 6/30 highs broken
Fork in the road here for Alphabet (GOOGL). It is up against price level resistance as well as declining channel resistance.
Alibaba (BABA) looking pretty rough here with a confirmed head and shoulders pattern playing out. At this moment, it looks like price is attempting to break below its long-term trend-line and if that holds, then it sets up for a retest of its trend-line from '22. The sector it is trading in, discretionary, doesn't reflect
SpaceX (SPCX) tested and momentarily broke below the lower channel band before getting quickly bought up again.