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07-21

1. Tesla (TSLA)

Price Action (July 18): Closed at $329.65 (+3.21%), showing strong bullish momentum with consistent volume support.

Key Levels:


Resistance: $332.50 (July 18 high) → Breakout target: $338.00

Support: $326.00 (intraday consolidation floor)

Catalyst: Sustained demand for EV stocks amid tariff news and TSLA’s relative strength in Nasdaq movers 213.

Trade Plan:


Entry: Above $330.50 (pre-market strength confirmation)

Take Profit (TP): $337.00 (2% gain)

Stop Loss (SL): $324.90 (below July 18 low)

Risk/Reward: 1:2.5

2. NVIDIA (NVDA)

Price Action (July 18): Volatile session, closing at $172.41 (-0.34%), but with a 10:14 AM rebound from $172.71 (high-volume support).

Key Levels:


Resistance: $173.50 (previously rejected) → Breakout target: $175.00

Support: $171.50 (critical intraday low on July 18)

Catalyst: AI chip demand narrative persists; NVDA’s afternoon recovery suggests accumulation 18.

Trade Plan:


Entry: Break above $173.20 with rising volume

TP: $174.80 (1.5% gain)

SL: $170.90 (below key support)

Risk/Reward: 1:2

3. Advanced Micro Devices (AMD)

Price Action (July 18): Closed at $156.99 (-2.13%), but afternoon recovery from $156.50 support signals potential reversal.

Key Levels:


Resistance: $158.50 (July 18 afternoon high) → Target: $160.00

Support: $155.80 (critical swing low)

Catalyst: Oversold conditions relative to sector peers; high volatility in semis 18.

Trade Plan:


Entry: Above $157.50 (confirmation of bullish reversal)

TP: $159.80 (1.5% gain)

SL: $155.50 (below support)

Risk/Reward: 1:2

Market Context & Risks

Macro Risks: Monitor pre-market tariff-related news (U.S.-Asia tensions) 116.

Volume Correlation: NVDA and AMD showed divergence between price and volume during sell-offs, suggesting weak bearish conviction.

Key Anomaly: TSLA’s outlier strength in a mixed tech sector indicates sector rotation potential.

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.

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