Checking a few names on the tape today.
$Broadcom(AVGO)$ is breaking out of a flag on both the daily and weekly charts. There's a gap to fill up to $472. I'm watching for calls above $430 for a move toward $450 and higher. The company looks set to benefit from restrictions on Chinese AI and data centers.
$Micron Technology(MU)$ is holding below trendline resistance on the daily. I'm looking for calls above $930 for a breakout move toward $950 and $100. The stock looks strong and might be breaking out of this consolidation soon. Seeing multiple call flows coming in as well.
$IBM(IBM)$ is bouncing off the $200 support zone and moving into the gap toward $290. Watching for calls above $240 for a move toward $250 and $275.
$Palo Alto Networks(PANW)$ is flagging on the daily and remains in a strong uptrend. I'm looking at calls as long as $360 holds, targeting a move toward $385 and $400. If it fails at $360, we might see a retest of the $350 support.
$Oracle(ORCL)$ is bouncing off 52-week lows and testing the $150 resistance zone. Looking for calls above that level for a move toward $165 and higher.
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