Top 3 Stocks for Day Trading on 20 Oct 2025 (CBA)
1. NVIDIA (NVDA)
Price Action:
Closed at $183.22 (+0.78%) on Oct 17. Pre-market: $183.90 (+0.37%).
Support: $181.62 | Resistance: $183.62 (Oct 17 levels).
Key Levels for Oct 20:
Breakout: Above $184.10 (pre-market high).
Breakdown: Below $179.75 (intraday low).
Technical Indicators:
RSI: 72.5 (overbought).
MACD: Bullish crossover but losing momentum.
Volume: 173M shares (above 20-day average).
Short Volume Ratio: 7.88% (neutral sentiment).
Catalysts:
Bearish: U.S.-China chip trade tensions and sector-wide selloff in pre-market.
Bullish: Strong AI demand and TSMC's record earnings supporting chipmakers.
Trade Setup:
Entry: $184.10 (breakout above pre-market high).
TP: $186.00 (next resistance).
SL: $181.60 (below Oct 17 support).
Risk/Reward: 1:2.5.
2. Apple (AAPL)
Price Action:
Closed at $252.29 (+1.96%) on Oct 17. Pre-market: $253.20 (+0.36%).
Support: $247.27 | Resistance: $254.41.
52-Week High: $260.10 (potential upside).
Technical Indicators:
RSI: 68.3 (approaching overbought).
MACD: Bullish divergence.
Volume: 49M shares (neutral).
Short Volume Ratio: 13.4% (moderate bearish pressure).
Catalysts:
Bullish: AI infrastructure investments and bullish analyst ratings.
Risk: Broad tech selloff and profit-taking near all-time highs.
Trade Setup:
Entry: $254.40 (breakout above resistance).
TP: $258.00 (next psychological level).
SL: $247.20 (below Oct 17 low).
Risk/Reward: 1:2.
3. Microsoft (MSFT)
Price Action:
Closed at $513.58 (+0.39%) on Oct 17. Pre-market: $516.00 (+0.47%).
Support: $507.31 | Resistance: $513.79.
Technical Indicators:
RSI: 65.6 (neutral).
MACD: Steady bullish trend.
Volume: 19.87M shares (below average).
Short Volume Ratio: 8.39% (low bearish pressure).
Catalysts:
Bullish: Cloud/AI growth and Mizuho's raised price target to $640.
Risk: Sector-wide volatility and Oracle's competition in AI servers.
Trade Setup:
Entry: $515.50 (breakout above pre-market high).
TP: $520.00 (next resistance).
SL: $507.00 (below support).
Risk/Reward: 1:2.3.
Market Context & Risks:
Macro Risks: U.S.-China trade tensions, AI sector valuation concerns.
Sector Sentiment: Tech stocks face profit-taking after rallying on AI optimism.
Volume Correlation: NVDA and AAPL show strong volume-price alignment, supporting trend validity.
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