Benzinga - by David Keller, Benzinga Contributor.
This article represents an exercise I like to call the “Single Stock Portfolio”. You can only own one stock in your portfolio for the next three months, and you can pick any one of the following eight stocks. Which one would you select, and why?
The beauty of this exercise is that it forces you to consider eight different charts, some with similar characteristics, yet some showing dramatic differences. In the end, you have to decide whether to stick with a top-performing name like NVDA, fresh off new all-time highs in March but showing the dreaded bearish momentum divergence. Or you could opt for AAPL, testing price and Fibonacci support after failing to make new all-time highs.
Let’s review each of these charts in turn and lay out a good technical framework for our decision.
Nvidia Corp. (NVDA)
Meta Platforms, Inc. (META)
Netflix, Inc. (NFLX)
Amazon.com, Inc. (AMZN)
Microsoft Corp. (MSFT)
Alphabet Inc. (GOOGL)
Apple, Inc. (AAPL)
Tesla Inc. (TSLA)
There are your eight stocks, with a brief technical analysis summary of each chart. Which stock do you see as the best opportunity in Q2, and why? Watch the video below, then drop a comment with your vote and your reasoning!
RR#6, Dave
PS- Ready to upgrade your investment process? Check out my free behavioral investing course!
David Keller, CMT Chief Market Strategist StockCharts.com
David Keller, CMT is Chief Market Strategist at StockCharts.com and President of Sierra Alpha Research LLC, where he helps investors make better decisions using behavioral finance and technical analysis. Dave is a CNBC Pro Contributor, and he recaps market activity and interviews leading experts on his show "The Final Bar" on StockCharts TV. Dave is a Past President of the CMT Association, a global nonprofit organization of technical analysts, and was formerly a Managing Director of Research at Fidelity Investments. David is a classically trained musician and student pilot, and resides in Duvall, WA with his wife and two children. You can follow his thinking at marketmisbehavior.com, where he explores the relationship between behavioral psychology and the financial markets.
Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.
The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.
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