Micron is in a sideways congestion forming a bullish flag, with a breakout above 438 resuming the bullish bias, while a loss of 363 could lead to a correction.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / AVGO / MU
The creator analyzes several stocks including SPY, QQQ, NVDA, TSLA, AMD, PLTR, AVGO, and MU using technical analysis. They highlight key resistance and support levels, moving averages, and chart patterns to identify potential trading opportunities. The creator expresses a cautious outlook on the broader market (SPY, QQQ) due to resistance levels but sees potential upside in NVDA. TSLA is identified as bearish but with a potential reversal if a key level is broken. AMD is in consolidation, awaiting a breakout. PLTR is a sell after a previous buy. AVGO is retesting resistance, and MU is in a sideways consolidation with a bullish flag pattern.
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Tickers discussed in this post
Broadcom is retesting a resistance level at $352 after an earnings-driven surge, with potential for a pullback to 340 or 316 if support is lost.
Palantir is a sell signal due to a bearish candle closing below yesterday's low, indicating a correction to support levels like the 21-day MA or 140.
Tesla is clearly bearish with lower highs and lows below the 21-day EMA, but a breakout above 408 could signal a medium-term reversal.
Nvidia is showing a bullish case with a double bottom breakout and closing above the 21-day EMA, suggesting a potential catalyst for broad market recovery.