MSFT, NVDA & AAPL - Daily Shooting Star and Bearish Stochastic Crossover

SmartReversals
12-09

1. $Microsoft(MSFT)$ Shooting Star Above the Higher Bollinger Band: There is also a bearish Stochastic crossover in overbought zone.

In recent occurrences highlighted this setup has lead to pullbacks to the lower band.

Check the previous charts posted for $.SPX(.SPX)$ $Invesco QQQ(QQQ)$ , there are reasons to be cautious, and a big cap like MSFT flagging a potential reversal adds spice to the recipe.

ImageImage

2. $NVIDIA Corp(NVDA)$ - Bullish MACD Sign in the Daily:

Anyway price action is weak considering the latest candle that validates a bearish doji star.

The 20 daily moving average is losing momentum, price has to bounce quickly to avoid a visit to 50DMA or even worse, a bearish 20 & 50DMA crosover.

ImageImage

3. $Apple(AAPL)$: Daily Shooting Star and Bearish Stochastic Crossover

As highlighted in the chart, this type of candles are early warnings or THE warning, same case for the oscillator.

December will not be a straight line up, this reversal setup is very likely to be confirmed, keep an eye on the 5DMA.

ImageImage

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • KSR
    12-09
    KSR
    👍
Leave a comment
1
7