NVDA, RKLB, SPY, AAPL& MU Wait for the Recovery Now?

Jake_Wujastyk
08-25 14:00

Hello everyone! Today i want to share some technical analysis with you!

1

$Micron Technology(MU)$Time to get a bounce pretty much now or this shelf is going to turn into butter w/ price being the hot knife.

2

$Apple(AAPL)$ By no means a traditional head and shoulders with a defined neckline, but the structure is still partially there to at least be aware of.

3

$SPDR S&P 500 ETF Trust(SPY)$ Never a huge fan of seeing price at the apex of a rising wedge into one of the weaker seasonal times of the year.

4

$Rocket Lab USA, Inc.(RKLB)$ Hm, just seeing this now but definitely worth at least noting.

5

$NVIDIA(NVDA)$ $GraniteShares 2x Long NVDA Daily ETF(NVDL)$ The last time there were 7 red daily candle closes in a row, price moved up ~9% in 4 days.

The drawdown was much larger in 2022, so the move up was a much smaller fraction of the move down, but anyways, this is what that would look like if it happened again.

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