$Tesla Motors(TSLA)$ $Palantir Technologies Inc.(PLTR)$ $NVIDIA(NVDA)$ Overnight action lit a fresh spark in AI and chip names; structure, confluence, and seasonality are aligning again. Palantir defended its critical zone, Tesla is riding a historic July wave, and semis are coiling for their next leg.
π€ππ₯ Overnight Charge Ignites the AI Chip Race π₯ππ€
$PLTR just delivered the first signal of the week; it bounced cleanly from $130.10 support after last weekβs 9.37 % flush and is up 3.72 % overnight. This move wasnβt random; it held exactly where it needed to, just above the rising harmonic channel and inside the zone marked by the 2.618 Fib at $120.55 and 3.272 at $135.26. Iβm watching two clear paths: either a new bullish channel forms, or we see the right shoulder of a Head and Shoulders pattern in the $135 to $138 region. Failure to trade back through $140 soon would confirm the bearish structure, although price is stabilising for now.
π§ Chips are driving the pulse of this move
$NVDA inched to $157.80 in post-close trade after reclaiming the worldβs most valuable company crown. Fridayβs record high still holds; however, the volume taper hints at a build-up toward another breakout leg. $AMD stayed firm at $144.15, adding 0.24 %, and remains technically primed. $CRVW at $159.90 keeps drawing quiet institutional attention as the infrastructure undercurrent of AI deployment.
π PLTR harmonic pattern and Fib confluence
The chart tells the story. The bearish Bat pattern completed at $147.26 (1.618 Fib extension) and the sell-off tagged the 3.272 retracement. So far, every key level has been respected, and the rebound aligns with the trendline that has held for more than a month. If bulls push through $135.60 we could revisit $137.12, the 3.414 Fib; anything under $140 keeps the H & S scenario intact.
π TSLA seasonal surge and technical setup
Tesla dipped to $323.63 but bounced after hours to $324.55. The MACD is flatlining yet not bearish, volume is stable, and the 20 day EMA held. The real alpha is seasonality; historically, this week and next rank among $TSLAβs strongest. Based on prior July patterns Iβm watching for a breakout push to $360 in the next 1 to 2 weeks. The up-trend remains intact above $306.24 with clear support at $290 and structural confluence in the $316 zone.
π Sector snapshot
β’ $META climbed 1.04 % to $735 and is holding that zone in post-market trade, quietly benefiting from AI ad-spend optimism.
β’ $COIN slid 5.77 % on Friday but showed reaccumulation overnight with a 0.71 % bounce.
β’ $CRCL fell 15.54 % yet recovered 2.53 % in post-close trade, showing how fast these narrative-driven names can swing.
π Watchlist
1. Can $PLTR break and hold $135.60, reclaiming the bullish channel?
2. Will $TSLA confirm the seasonal move and hold above $316.69 on the path to $360?
3. Does $NVDA clear $158 with volume and target $161 plus?
4. Will $AMD play catch-up and confirm its own breakout leg?
5. Can $CRCL stabilise or is another volatility trap looming?
π§ My view
This setup has depth; structural support, macro narrative alignment, and seasonality are converging. Iβm watching $PLTR for a short-term channel breakout and $TSLA for a seasonal push. Chips are leading again and sentiment looks ready to follow.
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