Here are today's directional views from the global research desks of Ventura Prime FX! These are starting points for your own research to identify opportunities that make sense for you.
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DAILY STOCK TECHNICAL NEWSLETTER
April 19, 2024
 
   
 
Amazon.com   Alphabet   Microsoft   Apple   Meta Platforms   Nvidia  
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
Amazon.com Intraday: under pressure.
 
Pivot:
180.35
 
Our preference:
Short positions below 180.35 with targets at 178.00 & 176.50 in extension.
 
Alternative scenario:
Above 180.35 look for further upside with 182.20 & 184.30 as targets.
 
Comment:
The RSI has broken down its 30 level.
 
Analyst Views Chart
 
 
 
 
 
Alphabet Intraday: choppy.
 
Pivot:
157.00
 
Our preference:
Short positions below 157.00 with targets at 153.25 & 150.00 in extension.
 
Alternative scenario:
Above 157.00 look for further upside with 159.00 & 160.00 as targets.
 
Comment:
The RSI calls for a new downleg.
 
Analyst Views Chart
 
 
 
 
 
Microsoft Intraday: the downside prevails.
 
Pivot:
410.00
 
Our preference:
Short positions below 410.00 with targets at 401.80 & 399.00 in extension.
 
Alternative scenario:
Above 410.00 look for further upside with 413.50 & 418.80 as targets.
 
Comment:
The RSI shows downside momentum.
 
Analyst Views Chart
 
 
 
 
 
Apple Intraday: the downside prevails.
 
Pivot:
169.00
 
Our preference:
Short positions below 169.00 with targets at 165.50 & 164.00 in extension.
 
Alternative scenario:
Above 169.00 look for further upside with 170.50 & 174.00 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 
Analyst Views Chart
 
 
 
 
 
Meta Platforms Intraday: the downside prevails.
 
Pivot:
512.00
 
Our preference:
Short positions below 512.00 with targets at 487.00 & 481.00 in extension.
 
Alternative scenario:
Above 512.00 look for further upside with 520.00 & 531.00 as targets.
 
Comment:
The RSI shows downside momentum.
 
Analyst Views Chart
 
 
 
 
 
Nvidia Intraday: under pressure.
 
Pivot:
860.00
 
Our preference:
Short positions below 860.00 with targets at 830.00 & 822.00 in extension.
 
Alternative scenario:
Above 860.00 look for further upside with 868.00 & 876.00 as targets.
 
Comment:
The RSI is below its neutrality area at 50%
 
Analyst Views Chart
 
 
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