Rebound or Breakdown? MSTR, RIVN, NIO & QQQ at Critical Levels
Several key momentum names are approaching critical technical levels, with rebounds, support tests, and potential breakdowns shaping the near-term outlook.
Investors are closely watching whether these levels hold to determine the next market move.
1. $Strategy(MSTR)$
MSTR +5% today and the $190 → $200 rebound is on the table.
Monthly BX is still dark red, so the long term model is not bullish yet.
In bear cycles most relief bounces are traps, so I’ll stay patient and wait for confirmation.
2. $Rivian Automotive, Inc.(RIVN)$
Volatile week for $RIVN, but my bull case is still on the table.
Fair Value support is being tested and I expect a bounce into April / May if it holds.
3. $NIO Inc.(NIO)$
NIO +24% since this post and so far it’s been smooth sailing.
If price can sweep this $6 THT Volume Pro block, this rally can easily stretch back toward $7.50.
4. $Invesco QQQ(QQQ)$
3% sell off since this rejection zone.
$590 needs to hold or this gets REAL ugly $QQQ
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