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The article discusses the current bearish market structure and the potential for a bounce back. It mentions several US-listed companies including Apple Inc. (AAPL), Tesla Inc. (TSLA), NVIDIA Corporation (NVDA), Advanced Micro Devices Inc. (AMD), Alphabet Inc. (GOOGL), Amazon.com Inc. (AMZN), and Microsoft Corporation (MSFT). The author suggests that these companies have found some support and could potentially see a retracement.
October 30, 2023 | 3:15 pm
News sentiment analysis
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NEUTRAL IMPACT
Apple Inc. has a bearish market structure but took out higher time frame liquidity on Friday. Bulls shift market structure above 171.37.
The bearish trend in Apple's stock is noted, but the author suggests a potential shift in market structure if the stock price goes above 171.37, indicating a possible short-term price increase.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Advanced Micro Devices Inc. has a bearish market structure but not by much. Bulls take over market structure above 97.52.
AMD's stock is slightly bearish, but the author suggests a potential for a short-term price increase if the stock price goes above 97.52.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Alphabet Inc. has a bearish market structure following last week's earnings report. 50% of the range is at 125.70 with multiple bearish imbalances in the way.
Alphabet's stock is currently bearish following its earnings report, but the author suggests a potential for a short-term price increase if the stock price reaches 125.70.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Microsoft Corporation has a bearish market structure but closed Friday holding a bullish imbalance.
Microsoft's stock is currently bearish, but the author notes that it held a bullish imbalance on Friday, suggesting a potential for a short-term price increase.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
NVIDIA Corporation has a bearish market structure and rejected the bearish order block at 50% of the range. Bulls to recapture market structure, with the mark being at 422.50.
NVIDIA's stock is currently bearish, but the author suggests a potential for a short-term price increase if the stock price reaches 422.50.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Tesla Inc. has a bearish market structure but has held bullish imbalances after rejecting the discount bearish imbalance. Bulls take market structure back over 214.80.
Tesla's stock is currently bearish, but the author notes that it has held bullish imbalances, suggesting a potential for a short-term price increase if the stock price goes above 214.80.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Amazon.com Inc. has a bullish market structure following earnings last week.
Amazon's stock is currently bullish following its earnings report, indicating a potential for a short-term price increase.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80