Some stocks are bouncing from high-probability support. Others still haven't reached attractive entry zones.
Here's a technical update on six names I'm watching most closely: $NVDA, $BABA, $NFLX, $MSFT, $PLTR and $ONDS. đ
1. $NVIDIA(NVDA)$
Still bullish on $NVDA
Bouncing off Weekly FVB support and testing this trend line
2. $Ondas Holdings Inc.(ONDS)$
Cut $ONDS for a 13% loss.
Could it bounce short term? Sure. I am fine without it.
Monthly BX is dark red. Historically when that happens, we finish the cycle red about 82% of the time.
If this support breaks, there is room for a multi month slide toward $5. I do not want to sit through that.
I would rather rotate that capital into a stronger name.
3. $Alibaba(BABA)$
$BABA tapped the Smart Money zone cleanly.
Bottom looks in.
From this zone, roughly 70% of the time price is trading at all time highs within the next 12 months.
4. $Palantir Technologies Inc.(PLTR)$
Still on the sidelines for $PLTR.
Bear cycle structure is intact and price has not yet pulled back into our Smart Money discount zone.
Could this be the bottom and I miss it? Sure.
But I do not chase. There are plenty of clean setups elsewhere.
I will stay patient and wait for my level.
5. $Netflix(NFLX)$
$NFLX Smart Money Zone Alert đ¨
Historically, about 70% of the time price reclaims all time highs within 6â12 months from this zone.
Earnings are this week and we are trading in one of the strongest discount areas on the chart.
Current upside to prior highs is roughly +85%
Downside to a clear structural break is about -20%
I will take that 3:1 asymmetry with those historical odds every time.
6. $Microsoft(MSFT)$
$MSFT Smart Money Zone held and long term support is confirming.
Not in a Bull Cycle yet
That said, looking to get long tomorrow morning.
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