5 best Daily Charts: $META Is Testing Its 200DMA. $NOW and $MU Could Be Ready to Bounce
The market is still showing mixed signals, but several individual stocks are approaching important technical levels that could set up the next move.
Some are attempting to recover key moving averages, while others are showing potential oversold bounce signals.
Here are four names I'm keeping on my watchlist this week: $META, $NOW, $MU and $CRWD.
1️⃣ $Meta Platforms(META)$
META continues to show constructive price action around its 200DMA, gaining 2.2% this week.
A sustained recovery above the 200DMA would be a bullish development and add another piece of evidence that a potential bottom may be in.
2️⃣ $ServiceNow(NOW)$
A break below the lower Bollinger Band, combined with the unfilled gap around 148, creates a compelling setup for a potential bounce.
The 20DMA is the minimum upside target I'm watching.
3️⃣ $Micron Technology(MU)$
If MU can reclaim its 20DMA, the gap around 745 could remain unfilled, opening the door for a move toward 927 as the next potential target.
Bulls still have plenty of work to do, but this setup is worth watching.
4️⃣ $CrowdStrike Holdings, Inc.(CRWD)$
CrowdStrike has an interesting setup based on its Bollinger Bands and oscillator.
There's potential here, but the key levels need to be monitored closely. I update CRWD's levels daily in the Founding Members Exchange Hub — link in my bio.
Keep these four on your watchlist. The setups are developing, but confirmation from price action still matters.
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