These stocks are popular among investors. How many of us have a chance to take a look at their daily charts after four solid months of huge market price erosion. Today, we take few well-known companies' daily charts to illustrate the damages that the market has done to these stocks. It is still hard to predict the market's future when the investment environment is the least desirable for years or even decades. There is one common characteristic among these charts: there are many overhead resistances and few supports. In other words, it is much easier to go lower than to make some headway on the upside.
AMD daily chart (April 29th, 2022)
AMZN daily chart (April 29th, 2022)
FB daily chart (April 29th, 2022)
MSFT daily chart (April 29th, 2022)
NFLX daily chart (April 29th, 2022)
NVDA daily chart (April 29th, 2022)
TSLA daily chart (April 29th, 2022)
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