TSLA, MSTR and NVDA Forecast – Major US Stocks React to Jobs Number

TSLA Technical Analysis

Tesla has been showing signs of hesitation and perhaps trying to find a bit of a bottom recently. But in pre-market trading, it is slipping just a bit. It’s nothing too terminal or toxic, but it does suggest that perhaps we still have some work to do in order to see the uptrend go into the market and really start to reestablish itself. At present, it looks more or less neutral, and I suspect that might be the case for a while, but quite frankly, that’s exactly what this market needs in order to build up confidence.

MSTR Technical Analysis

MicroStrategy is down slightly, but it’s hovering around the 50-day EMA as well, so it’s very likely there’ll be some technical support in this neighborhood. It is worth noting that there is massive support underneath at the $270 level, which I think a lot of people will be paying close attention to as there was a major gap there and a lot of volume. So, with that being said, this probably ends up being a buy on the dip scenario before it’s all said and done. But quite frankly, I think you still have a situation where micro strategy will continue to be very volatile and move right along with Bitcoin.

NVDA Technical Analysis

Nvidia, the worst of the three in this video, opening up probably pretty solidly to the downside, but it should be noted that we’ve seen a pretty significant sell-off as of late and I do think that there is a lot of support in this area. There are a lot of concerns about export bans of AI chips from the United States. That might be part of what’s going on here. That decision comes pretty soon. But really at this point in time, we’re hanging around the 50 day EMA here as well.

So, I think you probably have some technical support unless of course the United States bans these chips from leaving the country altogether. At this point though, the $130 level underneath is massive support, so a breakdown below there would really capture the market’s attention. As things stand right now, I think we’re in the process of just trying to stabilize a bit.