Broadcom Inc. (AVGO) has been trading within a long-term Channel Up since the October 13 2022 market bottom. The stock is now within the new Accumulation Phase that is being supported by the 1D MA100 (green trend-line). Based on the previous Accumulation Phase, we should get one (or two max) more pull-back towards the 1D MA100, before the price breaks upwards...
AI technology has been recognized as the new future since the end of 2022. The rapid advancements in AI and its stock prices sparked debates regarding the sustainability of its current valuations. Indeed, AI technology has a long runway ahead, but like all journeys, it will eventually encounter a bend. In today's tutorial, we are going to study its fundamental...
After the Head and Shoulders chart pattern was perfectly completed: and the bullish trend started: Now analyzing the options chain and the chart patterns of AVGO Broadcom prior to the earnings report this week, I would consider purchasing the 1380usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $129.85. If these...
Tech giant Broadcom ( NASDAQ:AVGO ) surpasses market expectations for first-quarter revenue fueled by heightened demand for advanced networking chips powering artificial intelligence (AI) applications. However, shares dip post-announcement amidst mixed investor sentiments. Key Highlights: Broadcom's robust performance in the first quarter underscores the pivotal...
There is a Potential Bearish Gartley at Resistance on AVGO leading to the earnings report. I'm not sure if it will hold but I have gotten some calls on SOXS just in case so I want to archive this harmonic setup.
On a 30-minute chart, like several other computer chip manufactures has approached or reached a near-term top. Overall Broadcom has gained 19% YTD. Earnings are in about two weeks. I see this as a short trade to follow AVGO from the top of the channel down to about 1225 in time to catch earnings at the bottom of the channel to end the swing trade and...
Short term there's a chance to break the current support to the downside but I think the price will follow technical upside direction in a few weeks or months.
Broadcom Inc is overbought on the 1D technical outlook (RSI = 75.003, MACD = 23.960, ADX = 31.411) but on the long term it is only testing the middle of the 1 year Channel Up pattern. This recent rally was initiated after the 1D MA50 held on December 6th. If the middle of the Channel Up breaks, we will go long and target the top (TP = 1,300) as it could be a...
Price Momentum AVGO is trading near the top of its 52-week range and above its 200-day simple moving average. The 50-day Moving Average is above the 200-day moving average meaning NASDAQ:AVGO may continue its Bullish Trend. NASDAQ:AVGO 's 50-day moving Average crosses the 100-day Moving Average indicating a partial "Golden Cross". Investors have been pushing...
Broadcom (AVGO.O) closed its $69 billion acquisition of cloud-computing firm VMware (VMW.N) after receiving regulatory approval in last major market China and ending a months-long saga. The deal, one of the biggest globally when announced in May 2022, was the latest in CEO Hock Tan's efforts to boost the chipmaker's software business. However, the transaction...
A pull back to the orange line will be my buying opportunity, break below and confirm stop out. The mention of a "Bull Flag breakout" in relation to NASDAQ:AVGO (Broadcom Inc.) suggests a specific pattern in technical analysis that indicates potential bullish momentum. Here's a breakdown of what this means: 1. **Bull Flag Pattern**: This is a continuation...
Broadcom is challenging the upper boundary of a well-defined rectangle. Rectangles narrower than 15% of the underlying value of the asset is my absolute favorite pattern.
While lagging indicators are cooling off (RSI/MACD on Weekly) it remains to be proven if AVGO makes it further up or swing failures the highs. Overall, I am looking to take a short from the upper zone if given. Could she dump from right where she is? In theory yes, but in that case my count(s) are wrong.
AVGO is testing the Resistance (1) level (925) of the 4 month Rectangle pattern. This is a short term sell signal unless it crosses upwards. The Rising Support trend line has been holding the long term bullish trend intact for 1 year exactly (October 13th 2022). Trading Plan: 1. Sell as long as the candles close under Resistance (1). 2. Buy if one closes over...
SOXS the 3x Inverse ETF for Semiconductors, has broken out of a Bullish Head and Shoulders and now sits at the 89EMA. If things go as expected, SOXS should be clear to at least give us a 60-150% rally. At the same time, we also have a Bearish AB=CD on AVGO and what looks to simply be filling of a gap it made at $830 after breaking below its own slanted Bearish...
Broadcom stock is in a downtrend, but we believe this is part of the current substructure that should end soon. The turquoise five-part move should still reach around $1040 in the long term. However, it is essential to remember that the stock would fall further if it breaks below the support at $812, which we consider 36% probable.
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term...
Analyzing the options chain and the chart patterns of AVGO Broadcom prior to the earnings report this week, I would consider purchasing the 900usd strike price Calls with an expiration date of 2023-9-8, for a premium of approximately $21.10. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward...