Broadcom is trading sideways around the 21-day EMA, with earnings in 90 days, and could break out bullishly above 352 or bearishly below 316.
Source Post
Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / META / AVGO
The creator analyzes the current market conditions, noting bearish reactions in SPY and QQQ, and discusses potential top signals. They express caution on individual stocks like Nvidia, Tesla, AMD, Palantir, Meta, and Broadcom due to resistance levels, upcoming earnings, or lack of clear bullish signals, advising to wait for confirmation and better risk-reward ratios before making any moves.
Linked Mentions
Tickers discussed in this post
Meta is making a top signal below the 21-day EMA and could see another pullback to close a gap at 618 if it loses today's low.
Palantir is bouncing off a key support level (128) with a hammer candle, but needs confirmation from indices and a better reaction to be considered a buy.
AMD is in serious trouble, failing to react at support and likely to close a gap at 170s after losing 184, potentially triggering a long-term reversal pattern.
Tesla is below resistance at 422 and showing signs of a top signal, reinforcing the idea of a continued collapse towards the 382 support level.
Nvidia is strong but near resistance and reporting earnings soon, making it not ideal to buy now due to risk-reward, though it maintains a long-term bullish bias.
Linked Signals