📺 Watch the full video here:
We’re kicking off a shortened holiday week, and a few of the Mag 7 tech stocks are showing price behavior that always gets my attention — consolidation, or sideways trading action.
When markets tighten up like this, it helps to understand where price is compressing, which levels are being defended, and what would actually confirm a breakout versus a failed attempt. That’s what I’m walking through in this video by focusing on price action layered with momentum.
🔍 Highlights
1️⃣ NVIDIA (NVDA):
NVDA has been tightening since the November 25 range low, which was tested again on December 17 but not broken. The most important short-term resistance is the December 8 high. A break above that level would offer an earlier directional clue ahead of the November 21 high, while a move below the November 25 low would shift focus back toward the September 5 low.
2️⃣ Alphabet (GOOGL):
GOOGL stabilized after the December 17 trough and is pressing back toward a key chart level based on Gann Trading Patterns at 291.72 The December 16 high is the first upside reference, with stronger confirmation if price can clear the trendline drawn from November 25 to December 5. A break below the December 17 low would increase the odds of a retest into the November 14 range.
3️⃣ Microsoft (MSFT):
MSFT sold off after the December 2 high and is now consolidating within a defined range. A recovery above the December 2 high would put the November 13 high back in play. If price breaks below the November 25 low instead, downside risk opens toward the May 1 post-gap-up area.
One of the most important takeaways when reviewing charts like these together is that breakouts usually start with “boring” price action.
By anchoring your analysis to specific dates and reference levels, you can stay patient, avoid forcing trades, and be better prepared if and when price begins to move.
If you want to see the exact levels on the charts and how I’m monitoring these setups in real time, be sure to watch the full video. And if you got even one useful takeaway, go ahead and hit the like button — I’ll catch you in the next one.
~Hima
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