How to find out intersections of two absolute value functions? If we are asked to find out common points where two equations intersect each other, for example let us assume that two equations are $Y=12-x^2$ and $Y=4x$, we can solve it in the following way:
\begin{align*}4x&= 12-x^2\\
x^2+4x-12&=0\\
x^2+6x-2x-12&=0\\
x(x+6)-2(x+12)&=0\\
(x-2)(x+6)&=0
\end{align*}
So we have now two roots of $x$, $2$ and $-6$.
Plugging these values in one of the above equations we get two values for $y$, $8$ and $-24$.
So in $(2,8)$ and $(-6,-24)$ the above two lines intersect each other.
But what will we do if we are asked to find out the points where another two equations, $y=|x|$ and $y=|x^2-4|$ meet?
Is there any methodical approach which help find out the common points?

In general, to find intersection between two curves $ y = f(x) $ and $ y = g(x) $,
you would look for solutions of $ f(x) = g(x) $ as you showed in your example.
To find the intersections between $ y = |f(x)| $ and $ y = |g(x)| $, you should thus solve $ |f(x)| = |g(x)| $, or equivalently, $ f^2(x) = g^2(x) $.
With $ f(x) = x $ and $ g(x) = x^2 - 4 $, look for solutions of
$ x^2 = (x^2 - 4)^2$, i.e. the roots of $ x^4 - 9x^2 + 16 $. You should find four of them:
\begin{align}
x_1 &= -\frac{1 + \sqrt{17}}{2} \approx -2.562\\
x_2 &= -\frac{-1 + \sqrt{17}}{2} \approx -1.562\\
x_3 &= \frac{-1 + \sqrt{17}}{2} \approx 1.562\\
x_4 &= \frac{1 + \sqrt{17}}{2} \approx 2.562
\end{align}
Then as you mentioned you can find the intersections by plugging the values into either $ |f(x)| $ or $ |g(x)| $ (it should yield the same results with both).
With your example, the curves therefore intersect at four points:
\begin{align}
P_1 &= (x_1, |f(x_1)|)\\
P_2 &= (x_2, |f(x_2)|)\\
P_3 &= (x_3, |f(x_3)|)\\
P_4 &= (x_4, |f(x_4)|)
\end{align}
