Broadcom is near a support level (gap) and within a congestion zone, requiring a bullish reaction above the 21-day EMA for conviction, otherwise may retest 308.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / AMZN / AVGO
The creator analyzes several stocks and ETFs, including SPY, QQQ, NVDA, TSLA, AMD, PLTR, AMZN, and AVGO. They emphasize the importance of technical confirmation and key inflection points for trading decisions, cautioning against bull traps and recommending a 'fishing' period for certain stocks like Nvidia due to unclear price action. AMD is highlighted as a strong bullish performer after a significant breakout, while Palantir maintains a bullish bias above key moving averages.
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Tickers discussed in this post
Amazon is difficult to trade due to erratic behavior and gapping, but a break above 220 could signal a strong bullish recovery.
Palantir maintains a bullish bias, staying above the 21-day EMA and making higher highs and lows, with 165 as the next resistance level.
Tesla is technically bearish below the 21-day EMA with a shooting star pattern, but a potential inverted head and shoulders on the 1-hour chart creates uncertainty, requiring a clear breakout above 396.23 or breakdown below 385.01.
Nvidia's price action below the 21-day EMA with a long upper wick is a pessimistic signal, making it untradable for swing trading despite long-term holdings.
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