Broadcom is on the radar after pulling back and holding above a gap support, but earnings in 16 days create uncertainty; a bullish reaction could offer a buying opportunity.
Source Post
Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / NOW / AVGO
The creator discusses a bearish reaction in the SPY, noting a confirmed technical top signal and potential pullback to support levels. They emphasize that pullbacks are buying opportunities in an uptrend, provided support levels hold, and stress the importance of risk management and waiting for technical confirmation before making trades.
Linked Mentions
Tickers discussed in this post
Service Now is approaching its 21-day MA and a support level, with increased odds of a bullish reaction, but the creator is waiting for a clear bullish signal before buying.
The creator recommends selling Tesla for profit-taking purposes, as the stock has already materialized its movement and is showing a top signal, preferring to focus on other stocks.
The creator is neutral on Palantir and advises against shorting it as it goes against the main trend, despite a previous 'phenomenal top signal'.
Nvidia is not a buy right now due to its proximity to earnings, but could become an attractive buying opportunity after earnings if it pulls back to support levels, similar to Meta's post-earnings recovery.
Linked Signals