1. Tesla

Tesla is undergoing what seems like technical consolidation for the time being on the daily chart.

 

Resistance - $349.47 then at $361.52.

Support - $330.02 then at $302.67.

 

2. Coca-Cola

Coca-Cola's recent price action is similar to the one back in the Oct-Dec period of 2023.

The MACD and the RSI both drifted towards heavily oversold territory during the sell-off, it then underwent a trend reversal with both indicators turning bullish simultaneously. This led to a rally of around 11% from trough to peak. It now seems the indicators are showing signs of possibly the move repeating itself. This would indicate a rise of around 9% from the current price level taking the stock's share price to around $70 a share. $70 was the share price ahead of KO's most recent earnings report.

 

Resistance - 200MA ($64.65) then $65.90.

Support - $63.18 then $61.39.

 

3. Home Depot

Possible breakout for Home Depot on the weekly chart as the share price moved above the trendline resistance. It also seems like the stock has now re-tested this resistance-turned-support zone and bounced from it thus far, creating greater confidence of a possible rise higher. 

 

Resistance - Only one resistance to watch here, $423.81. Break above it may open the gateway to $450.

Support - $393 along the trendline and then $380.

 

4. Procter & Gamble

Strong engulfing candlestick with the price closing pretty much at the very top of the intraday's high. Strengthening the thesis of this possible breakout on the daily chart.

MACD volume widening and the MACD line rising sharply.

 

Resistance - $174.90 and then around $177-$178 (all-time highs).

Support - around $170-$170.50, which is along the trendline that was acting as resistance but now acts as support.

 

5. Silver

Trendline support in play.

MACD oversold, now rising and may turn bullish.

RSI rising and may turn bullish.

 

Resistance - $31.54 then $31.75 and then $31.71.

Support - $30.64 then $30.50 (trendline) and then $29.67.