The Bottom Line:
- Apple faces antitrust lawsuit by US Department of Justice, impacting stock price
- Tesla shows uptrend but may face risks; watch 175 support level closely
- QQQ experiences price shuffling between 4485 and 4467, with potential moves ahead
- Apple stock sees selloff towards 172.5 support, showing bearish signs
- Nvidia chart indicates support at 908 and resistance at 925, awaiting breakout
Apple Faces Antitrust Lawsuit Impacting Stock Price
Apple Antitrust Lawsuit Impacting Stock Price
The Department of Justice is suing Apple for antitrust violations, accusing the tech giant of blocking rivals from accessing iPhone hardware and software features. This legal action has caused Apple’s stock to sell off significantly, potentially impacting the broader market in the future.
Market Technical Analysis
For Apple’s stock, the current support levels are at 172.5, with further supports at 170 and 169. If these levels are breached, downward momentum may continue. Resistance levels are at 173.50 and 174, indicating a bearish trend for Apple’s stock price.
Tesla Trends and Market Impact
Tesla is currently testing a support level at 175, with resistance around 176. The stock is on an uptrend, but there is a risk of a pullback if overall market conditions weaken. It’s important to monitor Tesla’s price action in response to market developments and news updates.
Tesla Uptrend & Risks: Monitoring 175 Support Level
Tesla Uptrend & Risks: Monitoring 175 Support Level
Tesla is currently testing a support level at 175, with resistance around 176. The stock is on an uptrend, but there is a risk of a pullback if overall market conditions weaken. It’s important to monitor Tesla’s price action in response to market developments and news updates.
QQQ Price Shuffling between 4485 and 4467
QQQ Price Shuffling between 4485 and 4467
The QQQ recently surged up to the 4485 level before experiencing a slight rejection. Currently, it is fluctuating within the range of 4485 to 4467. Traders should closely monitor this price action to determine if a rejection occurs. A potential move down to 4467 could be seen if rejection happens. Conversely, if the QQQ manages to break and hold above 4485, a move towards 4500 could be anticipated. As of now, the market for QQQ appears to be consolidating within this range, requiring patience for further developments.
Apple Stock Selloff Towards 172.5 Support
Apple Stock Selloff Towards 172.5 Support
The Department of Justice is suing Apple for antitrust violations, accusing the tech giant of blocking rivals from accessing iPhone hardware and software features. This legal action has caused Apple’s stock to sell off significantly, potentially impacting the broader market in the future.
For Apple’s stock, the current support levels are at 172.5, with further supports at 170 and 169. If these levels are breached, downward momentum may continue. Resistance levels are at 173.50 and 174, indicating a bearish trend for Apple’s stock price.
Tesla Support at 175 Amidst Market Trends
Tesla is currently testing a support level at 175, with resistance around 176. The stock is on an uptrend, but there is a risk of a pullback if overall market conditions weaken. It’s important to monitor Tesla’s price action in response to market developments and news updates.
QQQ Price Range Analysis between 4485 and 4467
The QQQ recently surged up to the 4485 level before experiencing a slight rejection. Currently, it is fluctuating within the range of 4485 to 4467. Traders should closely monitor this price action to determine if a rejection occurs. A potential move down to 4467 could be seen if rejection happens. Conversely, if the QQQ manages to break and hold above 4485, a move towards 4500 could be anticipated. As of now, the market for QQQ appears to be consolidating within this range, requiring patience for further developments.
Nvidia Chart Analysis: Support at 908 & Resistance at 925
Nvidia Chart Analysis: Support at 908 & Resistance at 925
The chart for Nvidia experienced a rejection at the 925 level and subsequently fell to 908. Currently, the 908 level is acting as support, with resistance seen at 920 and 925. If the support at 908 is breached, the price may decline further. On the other hand, if Nvidia breaks above 925, a bullish trend could emerge. The stock is currently stuck in this range, oscillating back and forth, requiring careful observation for potential shifts in the near future.
