1. NVIDIA Corp (NVDA)
Technical Setup
Price: $170.78 (-1.95%) | Range: $167.22–$172.38 (2.96% amplitude).
Key Levels:
Support: $167.22 (intraday low) → Critical breakdown threshold.
Resistance: $172.38 (intraday high) → Breakout target.
Volume: 231M shares (1.06x avg ratio) → Strong participation.
Sentiment: Short volume at 10.38% (Aug 29) → Moderate bearish pressure.
Catalysts
AI chip demand surge offsetting broader tech weakness.
Forward P/E at 38.84 (-1σ: 33.63), undervalued relative to 52-week high ($184.48).
Trade Plan
Entry: $168.50 (above VWAP consolidation).
TP1: $172.38 (pre-market high) | TP2: $174.50 (Aug 29 resistance).
SL: $166.00 (below Sept 2 low).
Risk/Reward : 1:2.5 (1.5% downside vs 3.8% upside).
2. Tesla Inc (TSLA)
Technical Setup
Price: $329.36 (-1.35%) | Range: $325.60–$333.33 (2.32% amplitude).
Key Levels:
Support: $322.51 (Aug 29 low) → Institutional buy zone.
Resistance: $335.11 (Aug 29 high).
Volume: 58.39M shares (0.77x ratio) → Weak momentum.
Catalysts
EV delivery volatility: August data shows market share shifts.
Short interest elevated (8.36% on Aug 29) → Squeeze potential.
Trade Plan
Entry: $325.60 (gap fill below Sept 2 low).
TP1: $333.33 (intraday high) | TP2: $335.11.
SL: $320.00 (psychological support).
Risk/Reward : 1:3 (1.7% downside vs 5.1% upside).
3. Advanced Micro Devices (AMD)
Technical Setup
Price: $162.32 (-0.19%) | Range: $156.62–$162.39 (3.55% amplitude).
Key Levels:
Support: $158.37 (Aug 29 low) → Accumulation zone.
Resistance: $162.39 (Sept 2 high).
Volume: 38.66M shares (0.97x ratio) → Balanced participation.
Catalysts
Data center GPU competition with NVDA.
Forward P/E at 41.60 (+1σ: 46.41), room for expansion.
Trade Plan
Entry: $158.50 (retest of support).
TP1: $162.39 | TP2: $165.00 (descending trendline).
SL: $155.00 (below Aug 25 low).
Risk/Reward : 1:2.2 (2.2% downside vs 4.8% upside).
Risk Management Notes
Macro Risks: Fed policy shifts or tech sector sell-offs could invalidate setups.
Earnings Impact: Monitor NIO/AVGO results for sector sentiment.
Volume Confirmation: Avoid entries without >1.5x volume spike.
Comments