Micron is mentioned as one of the stocks falling from a major wall of resistance, with the creator offering a technical perspective.
Source Post
Nvidia. AMD. Micron, & Sandisk Are Falling, Here's Why & What Comes Next.
The creator discusses a pullback in AI stocks including Nvidia, AMD, Micron, and SanDisk, attributing it to producer inflation data suggesting potential interest rate hikes. The analysis focuses on technical chart patterns, particularly Nvidia's ascending structure which was predicted to break to the downside.
Linked Mentions
Tickers discussed in this post
Applied Materials is mentioned as being down on the day, contributing to the broader AI sector pullback.
Lam Research (LRCX) is mentioned as being down on the day, contributing to the broader AI sector pullback.
Oracle is mentioned as having a roughly 2.5% loss on the day, contributing to the broader AI sector pullback.
SanDisk is down 4% today as part of a broader pullback in AI stocks, with the creator planning to analyze its chart.
Nvidia is making the predicted move out of its ascending structure to the downside, which the creator advised caution on last week.
Linked Signals