Micron is described as a 'beast' with an insanely bullish trend, making higher highs and lows above the 21-day EMA, with the uptrend expected to continue as long as it stays above $363.90.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / IWM / MU
The creator analyzes several stocks and indices, including SPY, QQQ, NVDA, TSLA, AMD, PLTR, IWM, and MU. The analysis focuses on technical indicators like support/resistance levels, moving averages, and candlestick patterns to identify potential bullish or bearish reversals and continuation patterns. Several stocks are showing promising reactions above support levels, with NVDA and PLTR highlighted for specific bullish patterns and past successful trades.
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Tickers discussed in this post
Palantir is breaking out above the 21-day MA and a resistance level, triggering a double/triple bottom pattern, and has reached a previous target, with a recommendation to use a trailing stop.
Tesla is showing a powerful candle above a support level, but its past failed bullish reversal patterns make the creator more skeptical compared to Nvidia.
Nvidia is showing a strong bullish engulfing candle pattern above a secondary support level at $177, suggesting a potential bullish reversal and recovery.