Heavy trend down day after QQQ failed to capture 200 MA on second try. Typical bear market action. Short term oversold, potential for gap down and bounce or gap up and fade. Active trading both long and short our go-to tech names.
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RIVN 56.50 range support. Break below, potential test of the low. 20 MA resistance.[/caption][caption id="attachment_64961" align="alignnone" width="800"]
RBLX 68 resistance now. 65 support. Break below 60 next.[/caption][caption id="attachment_64960" align="alignnone" width="800"]
UPST Remains vulnerable if stays below 100 and trend down.[/caption][caption id="attachment_64959" align="alignnone" width="800"]
AMD If 200 MA breaks and stays below. 100 and less comes into picture. Oversold short term, might be bounce and fade type trade.[/caption][caption id="attachment_64958" align="alignnone" width="800"]
NVDA Remains vulnerable below 240-243. 236 support and then gap fill at 228. Oversold short term, might be bounce and fade type trade. Earning Wednesday.[/caption][caption id="attachment_64957" align="alignnone" width="800"]
SQ 20 MA faded yet again. Short watch on bounces until remounts 20 MA.[/caption][caption id="attachment_64956" align="alignnone" width="800"]
TSLA Didn’t participate in recent rally. Breaking down. 800 and less in play.[/caption]
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