Micron is below the 21-day EMA and resistance levels, showing bullishness on the 1-hour chart but not yet on the daily, requiring a breakout of the 21-day EMA for a true reversal.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / MU
The creator analyzes several stocks and ETFs, including SPY, QQQ, NVDA, TSLA, AMD, PLTR, and MU. The overall market sentiment is cautious, with a focus on key resistance and support levels, particularly the 21-day EMA. Bullish reversals are contingent on clear breakouts, while failures to break resistance suggest continued bearish trends. Specific stock analyses highlight potential opportunities and risks based on technical indicators and chart patterns.
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Tickers discussed in this post
Palantir is showing a bullish reversal, breaking the 21-day EMA and forming higher highs/lows, with potential to retest 160s, but caution is advised due to the 21-weekly moving average resistance.
AMD is attempting an upward breakout from consolidation, with a target of 237, but a close below 217 would signal a dangerous top and potential pullback.
Tesla is collapsing and retesting a support level at $338, showing a possible bottom signal (dragonfly doji), but the long-term downtrend and being below the 21-day EMA make the creator skeptical.
Nvidia is losing momentum below resistance levels, and a breakout above 177 is needed to confirm a potential bullish reversal and ascending triangle pattern.
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