1. NVIDIA (NVDA)
Price Action (5 Nov):
Closed at $195.21 (-1.75%) , volatile intraday range ($194.65–$202.92).
Pre-market: $197.41 (+1.1%) , suggesting short-term bullish momentum.
Key Levels:
Support: $194.65 (5 Nov low) → Critical breakdown level.
Resistance: $198.77 (6 Nov open) → Break above signals bullish reversal.
20-day EMA: $198.69 (immediate resistance).
Volume & Sentiment:
High volume (171M shares, 0.83x ratio) confirms selling pressure.
Short volume spiked to 15.17M shares (8.03% of total) on 4 Nov.
Bearish divergence: Price decline vs. RSI (43) nearing oversold.
Catalysts:
White House confirms Blackwell AI chip export ban to China.
SK Hynix secures HBM4 supply deal; potential supply-chain tailwinds.
Trade Setup (Breakout):
Entry: Above pre-market high $197.5 (confirmed momentum).
TP1: $202.92 (5 Nov high, +2.8%).
TP2: $207.04 (resistance, +5.1%).
SL: Below $194.65 (-1.5%).
Risk/Reward : 1:3.
2. Microsoft (MSFT)
Price Action (5 Nov):
Closed at $507.16 (-1.39%) , near session low ( $506.57 ).
Pre-market: $506.81 , flat.
Key Levels:
Support: $505.67 (critical; breach triggers sell-off).
Resistance: $509.67 (5 Nov resistance).
Volume & Sentiment:
Lower volume (23M shares, 0.75x ratio) signals weak bearish conviction.
MACD bearish crossover; RSI neutral at 48.
Catalysts:
AI valuation concerns weigh on tech sector.
Institutional outflow: -$245M net 5-day capital flow.
Trade Setup (Range Play):
Entry: Near support $506.57 (5 Nov low).
TP: $514.83 (5 Nov high, +1.6%).
SL: Below $505.67 (-0.2%).
Risk/Reward : 1:8.
3. Apple (AAPL)
Price Action (5 Nov):
Closed flat at $270.14 (+0.04%) , narrow range ( $266.93–$271.70 ).
Pre-market: $269.7 (-0.16%) .
Key Levels:
Support: $266.93 (5 Nov low).
Resistance: $270.21 (critical breakout level).
Volume & Sentiment:
Moderate volume ( 43.68M shares , 0.71x ratio).
Neutral RSI (52) ; MACD hints at bearish momentum.
Catalysts:
Rumors of budget MacBook launch targeting Chromebook users.
Short-term options show mixed sentiment.
Trade Setup (Breakout/Reversal):
Entry: Above $270.21 (resistance).
TP: $275 (psychological level, +1.8%).
SL: Below $266.93 (-1.2%).
Risk/Reward : 1:1.5.
Overall Market Context
Tech sector headwinds: Michael Burry's NVDA short bet , Fed policy uncertainty , and stretched valuations .
Volume correlation: NVDA's high-volume drop vs. MSFT/AAPL's lighter selling suggests selective pressure.
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