My Thoughts on Current Markets-230

By Perfectionist25 | Tech. Analysis | 10 Jan 2025


When looking at the Nasdaq weekly chart, the 8-week moving average maintains the discipline of carrying the trend, the discipline of being the porter of the price. We saw that the 8-week moving average worked especially in the last week of the year, which was positive. A single close on the weekly chart can shake investors a little and make mistakes. I think it would be healthy to see two closes here. When we look at it in general, the trend zone at the 8-week moving average at 19450 is maintained. There has only been weakness for 3-4 weeks. There is only one thing investors should pay attention to here. If two and above closes start below 19450, this chart probably has a desire to go down as it did in the past. If 19450 is broken here or when it is broken, we can see that a correction process is triggered in Nasdaq towards 18637 - 18124. I think that a pullback towards 18637 - 18124 will protect the targets of 20440 in the short term and 23357 as the yearly target in 2025 and I think it will be an opportunity for that.

Nasdaq All pullbacks towards 18600 - 18124, let me expand the risk a little bit, all pullbacks towards 17220 will be a buying opportunity for the 23357 Nasdaq target in my personal opinion. Those who trade for a few days in the short term should pay attention to 19450. If we get a full close on the second day under 19450, the confirmed process of a horizontal downward correction towards 18637 - 19000 will begin. What the investor will do there is to keep their spare money in their pockets towards 18637 and 18124. As they get there, they will be selective by getting support from their investment advisors and they will read these as an opportunity in American stocks there. Let me also note that the 20440 level will be an important target resistance zone for investors who are still in a position. If 20440 is passed, the process of folding the upward channel will begin. If 19450 is broken before 20440 is passed, you should keep some spare money against the risk of a drop below the channel and if it drops to 18637 - 18124, buy it on Nasdaq, this is your opportunity. 18637 - 18124, maximum risk 17220, you distribute the risks, and you sell at 23357.

Broadcom basically accepts Nvidia as a reference and the graph shows us that it is in a strong trend in the medium - long term. But the lower indicator tells us that if you are trading here now and will make a cost of around $230, do not start with gear 4 and 5, start by getting stuck in gear 2 and 3, because I can fix it. For those who have it, I recommend that they put a trailing $220. If it breaks $220, which corresponds to Fibonacci 1.618, it will fall below the rising channel to a new opportunity presentation. Therefore, those who want to stay in the trend can consider taking profits and easing here by saying that Broadcom (AVGO) is starting a correction with a risk of 198 - 180 on the second day's closing below $220, the choice is yours. But as long as it stays above $220, it may also want to rest horizontally in the channel band between $220 and $255.

In this sense, a choice can be made in terms of controlled upwards as long as it stays above $220, and the risk of pressure as long as it cannot exceed $255, that is, gradually easing there. $220 intermediate support, the start support zone of the correction and the pivot support zone offer a new opportunity presentation for those who missed the movement in Broadcom below $220 towards 198.80 - 180. Therefore, a correction will start in Broadcom below 220 towards 198.80 - 181. Any pullbacks that may occur towards 198.80 and 180 will target 276 - 368 dollars in 2025. I am aware that I am talking about very serious targets, but I am also aware that 198 and 180 are very low. The risk of 198 and 180 will come to the pot at the second close below 220 dollars, and unless it is broken, the focus will continue to be 255 dollars.

The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy services are provided within the framework of the investment consultancy agreement to be signed between brokerage firms, portfolio management companies, banks that do not accept deposits and customers. The comments in this article are only my personal comments and these comments may not be appropriate for your financial situation and risk return. For this reason, investments should not be made based on the information and comments in my articles.

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