Micron is currently struggling near resistance and showing volatility; buying is not advised near resistance, but a pullback to the 21-day MA (around 398) could present a buying opportunity.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / MSFT / MU
The creator provides a technical analysis of several stocks and market indices, including SPY, QQQ, NVDA, TSLA, AMD, PLTR, MSFT, and MU. The overall market sentiment is bullish, with SPY and QQQ hitting new highs. The creator emphasizes a reactive trading approach based on technical evidence rather than prediction, advising caution near resistance levels and suggesting potential buying opportunities on pullbacks. Specific price targets and support/resistance levels are discussed for each mentioned instrument.
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Tickers discussed in this post
Microsoft is approaching its target of $413 and a double resistance level, suggesting profit-taking is advisable before the earnings report, with potential for future buying on pullbacks.
Palantir is struggling near the 140s resistance and 21-day EMA, requiring a breakout to reach the 156 target, with caution advised due to potential top signals.
Tesla is exploding with a 7% gain, approaching the 396 resistance target, with potential for profit-taking if a top signal appears near this level.
Nvidia has broken the 196 support level, showing a strong bullish reaction and maintaining its short and medium-term uptrend, with a target of 205.
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