Dependent on the Robintrack statistics, Tesla (TSLA), Apple (AAPL), and Amazon (AMZN) would be the favorite stocks of all Robinhood customers in July.
Picture source: Robintrack
Tesla (TSLA) is taking the lead as dealers keep buying it when it’s trading in its all-time highs. But, it’s dropped nearly 10% within the passing week.
Picture source: TradingView TSLA
On the weekly chart, the next candle in a row is all going to close bearish, however, the correction may not have finished up to now. The RSI indicator remains situated in the overbought area along with the liquidity can also be reduced. Furthermore, TSLA is forming a Triangle figure together with the end-point at about $1,000. In cases like this, it may be the conclusion of collapse and a potential continued increase.
Though Apple (AAPL) has upgraded its all-time large, it’s more bullish than Tesla (TSLA). The growth throughout the previous week has comprised 14%.
Picture source: TradingView AAPL
From the technical perspective, AAPL is bullish, however, it lacks bandwidth to keep climbing. Additionally, the talk has attained the overbought zone. In this aspect, the more inclined price activity is a decrease into the yellowish range between $350 and $380 within a couple weeks. The only instance where bears may grab the initiative would be that the fixation under $300.
Though this price of the AMZN stock is greater than other stocks in our the current listing, traders keep purchasing it. Over the time period, the stock has firmly fixed over the crucial $3,000 mark.
Picture source: TradingView AMZN
On the other hand, the decrease for part of the correction stage might begin soon if buyers wish to keep pushing the talk greater. The first stop for bull would be that the significant $3,000 mark. If sellers split it, there are big chances that they’ll push it below into the zone of $2,500. Such a situation is applicable before the conclusion of this present calendar year.