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.
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