Trend Charts: NVDA, QQQ, SNOW, TSLA, WING, GL, GOOG& AMD
Hello everyone! Today I want to share some technical analysis with you!
The stocks are as follow:
$Advanced Micro Devices(AMD)$ Strong end to the week for AMD ahead of Tuesday's Q1 earnings report.
We've built up a large volume shelf around $178, bulls don't want to see this turn into resistance.
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$Alphabet(GOOG)$ the star of the show this week after strong earnings, first dividend and $70 billion buyback 💸
Trailing P/E still historically low -- A great sign for investors.
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$Globe Life Inc.(GL)$ After a -50% haircut in one day on allegations of insurance fraud, insiders at Globe Life are starting to buy the dip.
4 different insiders bought shares this week worth a total of around $530K. 💸
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$Wingstop(WING)$ Fundamental Trader: "153x earnings for a chicken wing restaurant is INSANE! No way I'm buying that."
Technical Trader: "Ascending triangle breakout in a strong uptrend, looks solid for a long trade."
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$Invesco QQQ(QQQ)$ closed the week up +3.28% 📈
The Nasdaq has gained +3.28% or more only 30 other weeks in the last five years.
The following week was green 60% of the time, with an average win of +2.23% and average loss of -2.35%
Looks like we are in for a volatile week either way!
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$Tesla Motors(TSLA)$ The real fun begins once we get a monthly close outside one of these long term trendlines. ⚡
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$NVIDIA Corp(NVDA)$ If you bought every 8/21 EMA bull cross on NVDA and sold after a bearish cross, over the last five years you would have:
✅ +859% total return
✅ 11.59 reward-to-risk ratio
✅ +14.06% return per position
We are getting VERY close to another entry here.
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$Snowflake(SNOW)$ Higher low incoming for SNOW? ❄️
The stock just closed out its best one-week return since November of 2023.
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