InnovestX identifies support and resistance levels for "7 Angel Stocks" this week.

InnovestX identifies support and resistance levels for "7 Angel Stocks" this week, assessing NVDA, AMZN, AAPL, and GOOG as still in an uptrend, while MSFT shows positive signals and TSLA remains neutral.

August 11, 2569 InnovestX Securities Co., Ltd. This week's investment outlook focuses on the Magnificent Seven, a list of large-cap US technology stocks, including an assessment of support, resistance, and stop-loss levels for investors.

Overall, a gradual accumulation strategy around support levels is recommended, but the technical direction of individual stocks varies.

Alphabet (GOOG) InnovestX sees an upward trend, with the price consolidating sideways above the EMA20Day line. Key support levels are around $341 and $320. If the price holds above these levels, a sideways upward movement is anticipated to test resistance levels at $363 and $380.

However, if the price breaks below the lower boundary of the uptrend, there is a possibility of a downward correction. Set a stop-loss at $310.

Amazon (AMZN) The trend is upward after the price consolidated sideways above the EMA20Day and began showing signs of recovery. InnovestX believes that in the short term, if the price pulls back but does not break below this moving average, there is still potential for further upside. Support levels are estimated at $269 and $252, resistance levels at $281 and $291, and a stop loss at $240.

Apple (AAPL) The uptrend remains, with the price consolidating near the resistance of the upward channel and moving above the 50-day EMA. If the price can rise above the 20-day EMA again, there is potential for further upside, with support levels at $309 and $289, resistance levels at $320 and $345, and a stop-loss at $280.

Meta Platforms (META) Unlike some stocks in the group, InnovestX assesses the trend as downward, with the price consolidating near the lower boundary and moving below the 20-day EMA. However, a short-term technical rebound is possible, with support levels estimated at $580 and $557, resistance levels at $613 and $636, and a stop-loss at $545.

Microsoft (MSFT) Positive technical signals have emerged after the price broke through the neckline resistance and stayed above the EMA20Day. InnovestX sees potential for further upside, estimating the next trading range to be between $470 and $532. Support levels are at $490 and $470, resistance levels are at $514 and $532, and the stop loss is at $460.

Nvidia (NVDA) The uptrend remains strong after the price closed the gap and broke through the upper boundary of the Keltner Channels, showing strong upward momentum. Support levels are estimated at $217 and $209, resistance levels at $231 and $237, and a stop-loss at $200.

side Tesla (TSLA) InnovestX assesses the trend as neutral, with price showing signs of a rebound from the lower boundary of the downtrend channel. However, the MACD signal still needs to be monitored; if it can rise above the EMA20Day line, there is potential for further recovery.

Support levels are at $319 and $285, resistance levels are at $339 and $367, and the stop-loss point is set at $275.

refer : X InnovestX @invxsecurities

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