📺 Watch the full video here:
Micron is on the move following its earnings release from Wednesday, December 17, so I’m starting there before moving through several other large-cap semiconductor stocks.
In this update, I’m focusing on support and resistance pro tips — looking at how price is behaving around key levels, how follow-through matters, and what we can learn when multiple stocks in the same industry start sharing similar turning points.
🔍 Highlights
1️⃣ Micron (MU):
Micron’s post-earnings move is a clear reminder that earnings “rules” like buy the rumor, sell the news are only guidelines. Prior resistance was violated, forcing a reset in structure, while earlier support remains relevant until price proves otherwise. The key takeaway is how markets reorganize after earnings, not just how they react in the moment.
2️⃣ Nvidia (NVDA):
Nvidia remains in consolidation mode between two important reference points. Buyers and sellers are still negotiating control, and until price commits beyond those boundaries, patience matters more than prediction. Consolidation here is information — not inactivity.
3️⃣ Broadcom (AVGO):
Broadcom has pushed into an important support area, raising the classic question: was support truly broken, or is price still testing it? This is where many traders misread the chart. Follow-through — not the first break — is what confirms whether a level has actually failed.
4️⃣ Taiwan Semiconductor (TSM):
TSM continues to hold a support zone that’s showing up across several semiconductor charts. Momentum has attempted to stabilize, but nearby resistance is still shaping the short-term picture. This is a spot where observation matters more than forcing a trade.
5️⃣ AMD (AMD):
AMD remains defined by resistance rather than support. Even though price is interacting with prior lows, the broader structure keeps pressure on until the market shows a meaningful shift. In downtrends, support is often tested before conditions truly change.
Big Picture Context
One of the most useful takeaways from this review is how often stocks within the same industry share similar timing for turns in price. Semiconductor stocks, in particular, tend to move with a shared rhythm — which is why reviewing them together can add clarity.
If you want to explore additional names in this space, you can view the full semiconductor industry list here:
https://stockanalysis.com/stocks/industry/semiconductors/
If you found these support and resistance examples helpful, be sure to watch the full video above for the detailed chart work — and let me know by hitting the like button.
~Hima
PS: The events calendar has been updated, and I’ve got a LIVE workshop today Thu Dec 18th where I’ll dive deep into Gann market structure, hope to see you there!
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