Micron looks nice above its 21-day MA, but a break below could lead to a retest of $65.2; a clear breakout or breakdown is needed.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / MU
The creator analyzes the SPY ETF, noting its current position near a support level and the potential for a bullish reaction. However, they emphasize that a breakdown below this support would signal a sharper correction. The analysis also touches on the possibility of a double bottom pattern forming on the 1-hour chart, which could indicate a bullish reversal if confirmed by a breakout.
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Tickers discussed in this post
Palantir is near a support level, but despite a bullish candle today, it's still collapsing, and a meaningful bottom signal is absent, with potential downside below $100.
AMD has seen a significant rise, and a pullback could be sharp, potentially a 25% collapse on a weekly basis back to the 21-week moving average.
Tesla is described as a frustrating stock, having rejected its ascending trend line and lost the 21-day MA, despite a previous bullish outlook.
Nvidia is experiencing a sharp correction, technically heading towards the 196 support level, which is a previous resistance area.
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