Technical Analysis of TOP10 Mentioned Stocks!Hi,
First of all, as always, I would like to thank you all for answering your favorite five stocks. Only YOU can make this series happening as good as possible, cheers!
It was the first of many, wasn't so popular as the altcoins series but still, pretty interesting stocks and interesting names on the top of the list. Looks like electricity still dominates the market :)
Here are the top mentioned stocks:
1) Tesla (TSLA) - is an American electric vehicle and clean energy company.
2) Nio (NIO) - is a Chinese multinational automobile manufacturer headquartered in Shanghai, specializing in designing and developing electric vehicles.
3) Apple (AAPL) - is an American multinational technology company.
4) Alibaba (BABA) - is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology.
5) Amazon (AMZN) - is an American multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence.
6) Palantir (PLTR) - is a public American software company that specializes in big data analytics.
7) XPENG (XPEV) - a Chinese electric vehicle manufacturer.
8) Jumia Technology (JMIA) - an online marketplace for electronics, and fashion among others targeting several African countries. The company is also a logistics service, which enables the shipment and delivery of packages from sellers to consumers.
9) Coinbase (COIN) - is an American company that operates a cryptocurrency exchange platform.
10) Pinterest (PINS) - an American image sharing and social media service designed to enable saving and discovery of information on the internet using images and, on a smaller scale, animated GIFs and videos, in the form of pinboards.
11) JD.COM (JD) - is a Chinese e-commerce company headquartered in Beijing. It is one of the two massive B2C online retailers in China by transaction volume and revenue, a member of the Fortune Global 500 and a major competitor to Alibaba-run Tmall.
As promised, I will do technical analysis for top mentioned stocks. To be said, I will add some more, especially some stocks to my followers from Estonia.
Firstly, my technical analysis consists of buying opportunities from lower levels. I tried to identify some interesting and strong price levels which may play an important role in the future. Obviously, you should make your own fundamental research about the stock you want to invest in, and I'll just try to help you with technical analysis. The best investments consist of good fundamentals and good technical analysis. Technical analysis is like the cherry on the top of the pie, it helps to put your money to work for you as fast as possible.
Important to mention that these lower prices are zones, some of them are quite wide but still, it should give you a clue to where your eyes should be pointed. Also, some of them are quite deep but I don't care, I know that if the price reaches there I'm ready. Preparations should be done early!
Secondly, I tried to point out some breakout areas. Areas that are important to break before we can "sure" that the growth of the stock can continue. We don't buy randomly, we are smart, we want to make sure that our investment starts to work as fast as possible, we don't want to guess. So, the breakout possibilities are the key to higher prices, let the price show us that it is capable to go higher, as said we don't guess, let the investors show that they want to pay higher prices to buy the stocks.
Ready - set - GO...
1) TESLA (TSLA)
The current price action shows that the strongest zone to keep an eye on should stay around $450. A lot of strong criteria matching inside the shown area!
2) NIO (NIO)
A bit riskier than Tesla but technically around $25 your alerts should be set. A bit strange PA, it can fall even a bit lower but I'll try to keep you posted! Something good from fundamentals will help ;)
3) AAPL (APPLE)
After the break below the black trendline, the price can reach as low as $100, if you still wait for a bigger correction then $80 is also technically a great spot to grab it. Usually, these top market cap stocks just don't correct too deep, they are always too expensive - but good things are usually expensive ;)
Buy the strength after the price of Apple has reached above 145-150 and you can grab it during the retest, as shown on the image.
4) ALIBABA (BABA)
After quite a bad recent fundamentals, the price of BABA taking some hits but it has reached an interesting zone. The zone is quite wide but if you are looking to invest in BABA then technically the zone in front of you!
5) AMAZON (AMZN)
Buy the strength after the new ATH and you can jump in during the retest. The lower level is far far away from the current price. As said, preparations should be done and this is the zone from where I'm interested in it. I don't care when and why it should go as low as $2000 but I know that if it goes I'm ready!
6) PALANTIR (PLTR)
The "safest" way is to buy the strength. If you are waiting for lower prices, yes you can get them but technically there isn't much to support the price. Only around $15 something tiny but in general cannot recommend any price levels lower than the current price.
Let the investors show you that they are interested in Palantir, let them "risk" and drag the price above $25, you can step in after that confirmation during the retest! Let them risk?! Risky, because $22 to $24 can play as a strong resistance and your investment may get stuck for months/years. As said, we need to put our money to work from high-probability areas.
7) XPENG (XPEV)
Trading inside the buying area! I don't know almost anything about XPEV fundamentals BUT if you know, you have done your research, and if this matches with my TA then go for it!
8) JUMIA TECH. (JMIA)
Quite a good rejection from strong support area which previously was resistance. A lot of buying power, wait for a little throwback and it should be technically a great investment.
9) COINBASE (COIN)
There is no point to do TA. because we just don't have enough history for proper analysis. Only zone what would be interesting, 50% drop from the IPO and that means buy it around $190 ;)
10) PINTEREST (PINS)
Keep an eye on $33- $45. Clean, simple, and strong! Just be patient!
11) JD.COM (JD)
Keep an eye on $45- $56. Clean, simple, and strong! Just be patient!
Hopefully, you got something from this series. Do your own fundamentals and if this matches with my TA you are ready to go!
Invest like a sniper, not a machine gun. Everything comes to you at the right moment. Be patient! Pick very carefully and trigger the kill shot!
Have a wonderful weekend,
Vaido
