Nvidia, WTF, Amazon, AMD, and Tesla: Critical Levels in Focus

In this breakdown, we explore Nvidia (NVDA), WTF, Amazon (AMZN), AMD, and Tesla (TSLA) as they approach key technical and psychological levels. With the market facing headwinds, these assets are positioned to respond to macro events and trader sentiment.

Reminder: This is not financial advice, just what I am looking at!

🗓 Market Context: Facing Key Catalysts

1. Tesla Delivery Numbers (9:00 AM ET):

Tesla’s Q1 vehicle delivery data is projected to drive significant price movement. Analyst estimates vary from 315,000 to 369,000 vehicles, with a consensus of 377,592, according to Tesla Investor Relations. A substantial beat or miss could cause a sharp reaction, especially in early trading.

2. Tariff Announcement (4:00 PM ET):

Dubbed "Liberation Day" by some, the U.S. government is set to announce a reciprocal tariff plan. Expected to immediately affect imports, this could impact equities affected by global trade, notably tech and retail. Markets might experience a two-phase trading session, with optimism early on and caution leading into the announcement.

🔍 David's 5 Picks: Expanded Trade Setups

1. $NVDA ( ▲ 1.67% )  (Nvidia) - Key Zone Between $107 and $115

Nvidia is still digesting the fallout from export restrictions, which continue to weigh heavily on the stock. Recent price action suggests a narrowing trading range, with clear levels forming for both bulls and bears.

Key Levels:

• Support: $107 opens downside potential to $104 if breached.

• Resistance: $115 presents an immediate ceiling for any bullish recovery attempts.

Plan:

• Bearish Setup: Short below $107, targeting $104 and possibly $102 if the broader market sentiment worsens.

• Bullish Setup: Long only if $115 breaks and holds solidly, with a manageable stop-loss just under $114.

2. $WTF ( ▼ 1.82% ) - IPO Intrigue Above $12

WTF has been making waves, surging from its IPO price of $4 to highs of $24 before settling near $13. Its tight spreads and consolidation around $12-$13 make it an intriguing but risky opportunity.

Key Levels:

• Support: $12 must hold to keep bullish momentum alive.

• Resistance: $16, with potential extension to IPO highs at $24.

Plan:

• Bullish Setup: Look for entries above $12, targeting $14-$16. Tight risk management is vital due to high volatility.

• Bearish Setup: If $12 fails, short setups may materialize for a retracement to $10.

3. $AMZN ( ▲ 0.8% )  (Amazon) - Dynamic Between $188 and $192.50

Amazon continues to impress with relative strength, sustaining support around $188 while other big tech names falter. It's a potential bright spot amid the uncertainty, but headwinds remain if broader markets decline.

Key Levels:

• Support: $188 continues to serve as a key defensive level for buyers.

• Resistance: $192.50 is a defining ceiling, with a breakout opening further room to $195+.

Plan:

• Bullish Setup: Buy dips near $188 with an eye on profit-taking near $191-$192.50.

• Bearish Setup: Short setups emerge below $188 if sellers regain control, targeting a drop toward $184 or $182.

4. $AMD ( ▲ 3.52% )  (Advanced Micro Devices) - Reclaiming Ground Above $101

AMD held up impressively, reclaiming the psychological $101 level during today’s session. Buyers have shown increased resilience here, but Nvidia’s spillover pressure on the broader chip sector still looms.

Key Levels:

• Support: $101 is the line in the sand for bulls.

• Resistance: $103 and $105 represent near-term targets on any breakout.

Plan:

• Bullish Setup: Look for dips to $101 for long entries, riding momentum toward $103 and scaling profits gradually.

• Bearish Setup: Below $101, momentum could swing bearish, targeting $98-$99 on the downside.

5. $TSLA ( ▼ 1.09% )  (Tesla) - Torn Between $265 Support and $275 Resistance

Tesla has struggled to find directional clarity, with support firmly placed at $265 and strong selling pressure creating a ceiling near $275. While intraday action has been choppy, these levels could present opportunities depending on the broader market tone.

Key Levels:

• Support: $265 remains critical to preventing further losses.

• Resistance: $275 must break to establish momentum for bulls.

Plan:

• Bullish Setup: Longs can be considered if $275 breaks, targeting $280-$282. Place stops just below intraday support zones.

• Bearish Setup: Watch for a decline below $265, opening short opportunities toward $260 or lower.

🚨 Overarching Trading Tips

1. Be Patient Around Breakouts or Key Economic Data:

   • Markets may be indecisive until macro events provide more clarity. Avoid jumping into trades without confirmation.

2. Control Your Risk:

   • High-volatility names like NVDA and WTF require smaller positions and tight stop-losses. Maintain discipline, especially at these critical levels.

3. Watch for Sector Rotation:

   • Defensive names (like AMZN) may continue to outperform tech (NVDA, AMD, TSLA) if risk-off themes persist.