Microsoft (MSFT) shows an ascending triangle pattern with an upward-pointing 21-day MA, suggesting a potential breakout, but a loss of the trendline would negate the buy case.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / MU / MSFT
The creator analyzes SPY and QQQ ETFs, noting they are at critical inflection points. Both are forming potential head and shoulders patterns. A breakout above resistance could signal a bullish rally, while a breakdown below support might trigger a sharper pullback. The creator emphasizes a reactive trading approach, waiting for confirmation before making moves.
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Tickers discussed in this post
Micron is showing a bullish reaction with a potential inverted head and shoulders pattern on the hourly chart after a decent pullback.
Palantir is near support and technically promising, but needs to break the 21-day EMA for stronger conviction and a potential explosion.
AMD is showing strong bullish momentum, potentially retesting higher levels and making new all-time highs if it breaks above 449.37.
Tesla shows a strong bullish reversal pattern near key daily and weekly support levels, suggesting potential for higher prices, though a clearer movement is desired.
Nvidia is holding above key support levels after earnings, with potential for a bullish rally if it confirms a bottom, but risks falling to 196 if support fails.
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