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.
Alphabet (GOOGL) confirming an inverse cup and handle pattern here if it can hold the break into the close. This sets up for a bigger move back to the 200-day moving average that it could retest and bounce form, after having formed a solid higher-high back in May on the chart.Â
Nvidia (NVDA) is a pretty interesting chart here. Still in a pretty hard pullback that has recent found some short-term support off of the 50% retracement level. Before that, there was a decent bounce off of the 38.2% retracement, so there seems to be a lot of buyers watching these levels.
Update on Gold (GLD) with price bouncing over the last five days, seems like some optimism creeping back in but it hasn't had any real tests of resistance yet. Three levels of resistance remains overhead for it to still push through. If it fails, i would look for that lower channel band to get tested