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Stocktwits Chart Art: December 09, 2024

The best charts and trade ideas from the day.

Author

Kyle Vallans
December 09, 2024

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STOCKTWITS CHART ART: DECEMBER 09, 2024
The Stocktwits Summary 📝

All four major U.S. indices ended the day in the red, while Asian markets gained on China’s pledge for more stimulus, including increased government spending and lower interest rates. Meanwhile, Nvidia shares dropped as China opened an anti-monopoly probe. 😭 

Here’s how the major indexes ended the day:

Index

ST Sentiment Score

ST Message Volume

$SPY (-0.51%)

Extremely Bearish (16)

Normal (53)

$QQQ (-0.78%)

Bearish (40)

Normal (51)

$IWM (-0.50%)

Bearish (43)

Normal (53)

$DIA (-0.46%)

Bearish (36)

High (55)

*The ST Sentiment Score & Message Volume scales range from 0 to 100 (extremely bearish to extremely bullish). More info here.

And here were Stocktwits’ top Trending symbols:

CHART OF THE DAY
Advanced Micro Devices Chart Raises Red Flags 🚩

StockTwits user @TheProphetOfProfit highlights a significant weekly chart breakdown in Advanced Micro Devices (AMD), which contributed to a drop of just over 5% on the day.

@TheProphetOfProfit | Pro | Technical | Equities

$AMD That’s a big uh oh on the weekly.

MicroStrategy’s Recent Rally Under Threat 🚨

@Avocado_smash | Intermediate | Value | Equities

$MSTR has been in the long rally since 09/13, when the price 141 cross up MA25 132 and never trade lower than MA25 since then, now if the price falling tomorrow, it will cross down MA25 for the 1st time, then the BB will expand and will keep dropping to retest MA50 next, But I don't think will ever retest MA200.

Will Hershey End Up Getting Acquired? 🍫 

@SharePlanner | Pro | Technical | Equities/Futures

If $HSY is acquired, this resistance won't matter, but in the mean time, be careful with the resistance that has formed just below $210, as it has been in place for almost 3 years.

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