10 Monster Stock Market Predictions For The Week - April 6
The big daily price swings appear to be calming down, but that doesn’t mean the S&P 500 won't continue to fall. Which I think it will, again heading towards the big gap fill around 2,270.
Semis (SMH)
The Semiconductor ETF, SMH, looks very weak and appears to have a double top pattern on the intraday chart. I think that means the ETF will fall back to support around $98.
Apple (AAPL)
Apple failed to rise above resistance at $258, and is likely to result in the stock testing support again around $210.
Boeing (BA)
Boeing has risen sharply over the past two weeks, but nothing has changed. I think that it means it will move back to $102.75.
Amazon (AMZN)
I think Amazon will crack this week; the stock has struggled to get back over $2000, and a drop back to the $1840 region seems reasonable.
Netflix (NFLX)
Netflix has started trending lower, and the RSI is moving lower, too, suggesting momentum is leaving shares. I think the stock will drop back to $336.
Roku (ROKU)
I think Roku is still heading lower too, back to $71. The RSI is pushing lower here also.
JD (JD)
Meanwhile, JD is sitting on support at $40.00 and could be heading lower back towards $36.
AMD (AMD)
I think AMD is heading back to support at $38.40.
Nvidia (NVDA)
I think Nvidia will fill the gap around $218.
Disclaimer: This article is my opinion and expresses my views. Those views can change at a moment's notice when the market changes. I am not right all the time and I do not expect to be. I ...
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