SmartReversals📈

My site features deeper technical analysis with price targets: smartreversals.com/ My Investment Framework: smartreversals.com/p/my-inve… Educational Content + 2 downloadable ebooks on technicals: smartreversals.com/p/complet… Saturdays: Weekly Strategy Weekdays: Market Updates

$CRWD: The setup has a lot of potential considering the bands and the oscillator. The levels for Crowdstrike are updated every day in the founding members exchage hub, link in my bio.

$MU: If the 20DMA is conquered, the gap at 745 could stay open, and 927 would be the next destination. There is still a lot of work ahead for bulls, but this one is worth watching anyway.

$NOW: The breach of the lower Bollinger band and the gap at 148 are good reasons to expect a bounce to the 20DMA as minimum target.

$META continues constructive dancing around the 200DMA and up +2.2% this week. An eventual recovery of the 200 DMA would be bullish and would add references for a bottom being in.

$NVDA: As anticipated, shorting carried major risk. Traders who chased the selloff at the open, when the price was well below the lower Bollinger Band, paid a heavy price with a +11% bounce from the lows. If PPI sinks the stock further, it would be a major opportunity for longs.

$TSM: The ideal gap fill for bulls: Opening below the gap (400) and filling it in a bottom - up manner. The bearish magnet is closed, now a bullish one at 428 is waiting. The 20DMA is the hurdle in the middle.

$AAPL: The extension above the upper Bollinger band suggests a healthy pullback to 345 or below is likely.

$SMH: Indecisive candle below the 20DMA. The bounce off the lower Bollinger Band appears to be complete. Today's premarket selloff will jump the gap at 492, leaving renewed bullish upside for the ETF. Exhausting gaps market...

$MSFT: Now that the 20DMA was breached, we can expect a move toward the lower Bollinger band, currently at 510.

Scanning the market at the open is ok, but mapping the key levels and technical conditions the day before provides a decisive edge. Yesterday after the close, I emailed my daily analysis detailing the resistance zone that will dictate the next directional move $SPX. Get access:

$GOOG: Major gap above and the series of higher lows in price action is constructive.

$TSLA: The 200DMA has been reclaimed, anyway a retest of 380 remains highly likely. Even so, a pullback to that level would not alter the constructive posture, with price holding above all moving averages and the three green soldiers pattern.

$NVDA: The selloff has gone too far, too soon. The bearish overextension is extreme, and once the stock bounces, the move will be fast and trigger a violent squeeze. It is only a matter of days, probably tomorrow. Risk heavily favors a bounce here. Be VERY careful if shorting.

$SNDK: The formation is warming up for a bounce to the 20DMA, currently above 1,180.

$META continues constructive and the premarket action suggests the 20DMA will be recovered. Closing the week above 644 would be constructive for long and short term.

$NOW: This indecisive price action at oversold conditions suggests a bottom is in or very close.

$TSM Sentiment was broken last week: The Bollinger Band was breached, the RSI was below 30, and a gap at 391 implied a double digit bounce. The stock rallied 6% on Friday, and this week the rally has added another 5.6% so far. Technicals don't lie 🎯; sentiment does.

$CRWD: The 100DMA is holding the price well, and oversold conditions suggest a move to the 20DMA, currently at 241, is very likely.

$AMD: Is the sequence complete? The relief bounce off the lower Bollinger Band has tagged the 20DMA. If this advance is a counter-trend move within an ongoing bearish leg, this is the inflection point for sellers to resume the decline. If bulls push through and reclaim this line... the bottom is in.