📅 October is wrapped up, and a new month always means a new chapter on the charts.
Monthly closes reveal which breakouts are real, not temporary spikes, but clear signs that investors are willing to pay higher prices than before.
📊 I’m looking for those moments where the market proves it has changed its mind — when former resistance finally turns into support, and timing starts creating an edge.
That’s one of the biggest strengths of technical analysis: we don’t hope it moves, we see the action on the chart.
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🔍 Over the past days, I’ve done another full round of research:
I scanned through both the Nasdaq 100 and S&P 500 , and also handpicked a few strong setups from Europe.
In total, you’ll find 20+ stocks today — each with its own description and plan.
I know that sounds like a lot, but there are quite a few of you here already 🙏, and every investor has a different strategy.
So don’t feel you have to study everything… just scan the names: if something catches your eye, stop and dig in.
If not, scroll on. You don’t need to cover them all.
📣 The purpose of my work is simple:
"to give you good, technically correct ideas — ones that avoid the classic mistakes that come from buying at the wrong time."
…and when you combine that with your own fundamental homework, your success rate might turn out surprisingly green.
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🧭 November radar
In today’s post, you’ll find both breakout setups and corrections that have reached strong support zones.
I’ll also go through the major indices, explaining:
“why it might be smarter to take half positions instead of going all in.”
☕ So grab your coffee… and let’s kick off with 10 breakout ideas!
👇
Amazon (AMZN)
No need for a long introduction here. When a member of the Magnificent Seven delivers a clean breakout, it’s a signal you don’t want to ignore.
📈 For those who regularly add to their Mag7 holdings or rotate between them monthly, Amazon would be my pick this time.
While META’s recent correction isn’t a bad zone either, technically speaking, AMZN shows the stronger setup right now.
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Dell Technologies (DELL)
Dell Technologies is one of the largest IT companies in the U.S., providing computers, servers, and cloud infrastructure solutions.
Over recent quarters, Dell has gained solid momentum — especially from AI server demand, which helped lift margins thanks to its higher-value infrastructure products.
Revenue also came in above expectations in the latest report, boosting investor confidence and pushing the stock to new highs.
📈 From a technical perspective, the breakout is clear:
The $150 resistance, which had held for almost a year and a half, finally gave way in October.
The structure is now open to the upside, and the chart shows clear strength.
The decision is simple: enter now, wait for a deeper retest, or just keep it on your radar — your call.
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Nokia (OMXHEX: NOKIA)
A few weeks ago, I mentioned that Nokia was setting up for a potential breakout, and look at that, it actually did.
The company announced a collaboration with NVIDIA, which triggered the long-awaited move higher, breaking through its previous resistance zone.
The €5.5 level mentioned earlier is now history, and the monthly close above it confirms the breakout’s validity.
Whether you enter immediately, wait for a retest, or skip it because it doesn’t fit your style — again, your call. Technically valid!
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Steel Dynamics (STLD)
Steel Dynamics ranks among the largest steel producers in the U.S., known for using recycled steel and low-emission production methods.
With a P/E of 20 (forward ~12), the company benefits from U.S. infrastructure investments and the broader manufacturing uptrend.
Recent quarterly results have been steady, the balance sheet is strong, and cash flow remains solid, supporting potential future growth.
📈 Technical setup:
This chart checks every box of a classic breakout play:
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🧭 Full radar and extended notes are available on my main page — you’ll find it easily.
All the best,
Vaido